Cherkizovo plans 5 bln rubles in bonds
MOSCOW. Dec 24 (Interfax) - Russia's Cherkizovo meat group has decided to issue 5 billion rubles in commercial paper in the form of three series of exchange-traded bonds, the company said in a statement.
Bond series Bo-1-2-3 will each total 1 billion rubles and mature in three years. They will be placed in public subscriptions on the MICEX Stock exchange. They bonds will carry a put option.
Cherkizovo Group, which was formed in 2005, includes eight seven meat-processing companies in the Moscow region, Penza, Ulyanovsk, Belgorod and Rostov regions and the Krasnodar territory, four hog complexes, two poultry farms and a feed plant
The group's principal shareholders are founder Igor Babayev and members of his family. The company raised $251 million with an IPO in London in May 2006