Cherkizovo floats $95m CP

April 17, 2013

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.