KIEV, Sept. 28 – Avangard Agroholding is suffering from an acute shortage of liquidity, the company announced in connection with its restructuring of eurobonds due on October 29.

Even if the restructuring scheme is implemented, based on conservative assumptions the group's cash balance will fall sharply over the next 18 months from $52.18 million as at June 30, 2015 to $26.78 million by December 31, 2015 and $5.1 million by December 31, 2016.