OJSC Cherkizovo Group (RTS: GCHE) entirely placed exchange bond issue BO-03 worth 3 billion rubles on Friday, the company said in a statement.
The rate for the exchange bonds' first coupon was set at 8.25% during auction at placement. The coupon rate has been set for the entire three-year maturation period.
The coupon guidance came to 8%-8.5%, which equals a yield against maturation of 8.16%-8.68%. The three-year bonds have a face value of 1,000 rubles each and semiannual coupon payments. The bonds do not include an offer for preterm buyback.
Zenit Bank (RTS: ZENT) was the placement organizer.
The group decided to place exchange bond issues BO-1, BO-02 and BO-3 worth a combined 5 billion rubles in December 2009. The bonds were registered with the MICEX on December 30, 2009.
The Cherkizovo group unites seven meat-processing plants in the Moscow, Penza, Ulyanovsk, and Rostov regions and the Krasnodar territory, four hog complexes, two poultry complexes, and a compound-feed plant. The company is controlled by Igor Babayev and members of his family. It raised $251 million with an IPO on the London Stock Exchange in May of 2006.
Kommersant business daily has released yet another annual Top 1,000 Russian Managers ranking compiled by the Russian Managers Association. This time, four Cherkizovo Group executives made it to the top: Oleg Zakov, Director at Cherkizovo Trade House; Irina Kim, Ready Meals Marketing Director; Natalya Klepikova, Head of Government Relations; and Evgeny Subbotin, Director for Procurement, Logistics, and Supplies.
Cherkizovo Group, Russia’s largest meat producer, continues to expand the product portfolio of its flagship brand of the same name.
Anastasia Mikhailova, Head of Communications at Cherkizovo Group, took part in an open conference on the role of climate regulation in the competitiveness of Russian agricultural products. In her presentation, she talked about the Company's contribution to reducing greenhouse gas (GHG) emissions.
Cherkizovo Group, Russia’s largest meat producer, took part in the Exchange Yard agricultural and machinery exhibition for the first time. We offered our best products for tasting and shared our plans to grow business in the region.