OREANDA-NEWS. May 18, 2010. Belarusian OAO Krinitsa and OAO Belagroprombank consider an 8 billion-ruble debenture issue with repayment in 2015, Krinitsa General Director Grigory Petkevich told a news conference on April 30.

“We have negotiated the project with the bank, and its supervisory board will have to make the final decision. This bonded loan, presumably amounting to 8 billion rubles, is indirect long-term program of additional financing of the company,” Petkevich said.

Bond yield is being discussed now, he added.

The issue is required to replenish the brewery’s floating assets, address the budget deficit and increase its efficiency.

Krinitsa was founded in January 2001. OAO Polotsk Beer and Nesvizh soft drinks plant have been incorporated by OAO Krinitsa and operate as subsidiaries.