Razgulay Group places entire 500 mln-ruble exchange bond series-15
MOSCOW. April 5 (Interfax) - OJSC Razgulay Group placed its 500 million-ruble exchange bond series-15 in full on Monday, the company said in a statement.
The placement price was 93.38% of face value, or 933.8 rubles per bond (face value 1,000 rubles). The 3-year bonds, maturing October 29, 2010, were placed in open subscription on the MICEX. The issue organizer was the financial company Otkrytie.
The group plans to place 2 billion rubles in series BO-09 exchange bonds on April 12. Early redemption is slated for November 30, 2010.
The Razgulay Group was founded in 1992 as a grain and sugar trading company. The group now has two holdings - grain and sugar - and produces, processes and sells agricultural products. Razgulay owns 36 grain, flour milling and cereal enterprises, 12 sugar mills and one canned dairy products plant. It has land in eighteen of Russia's regions, and its main beneficiary is its president, Igor Potapenko.