Cherkizovo Group has fully placed series BO-04 commercial paper worth RUB 3bn (approx. USD 95.39m), the agricultural holding said in a statement.
The issue consists of 3m bonds with a par value of RUB 1,000 (approx. USD 31.8). The rate of the first coupon was set at 9.75%.
According to earlier reports, Cherkizovo passed a resolution to place series BO-04 and BO-05 commercial paper for a total of RUB 6bn (approx. USD 190.78m) in April 2012.
Cherkizovo Group employees have held a volunteer event supported by the Ray Foundation for Helping Homeless Animals. They brought food, medicines and other useful supplies to two Moscow shelters and helped with dog walking.
Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.
Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.
Cherkizovo Group, Russia's largest meat producer, continues to expand its turkey product line under Pava-Pava, one of its flagship brands. This fall, the Company has launched sales of spiced turkey filet, a perfect choice for holiday dinners.