OREANDA-NEWS. December 17, 2010. Razgulay Group OJSC will place bonds of seriesBO-09 with a total amount of RUB 2 bn. at MICEX. The issue is to mature in 6 month, reported the press-centre of Razgulay Group.

According to Victor Sukhinov, CEO of agricultural holding, proceeds from the placement will help to maintain an optimal level of inventory-over both raw materials and products to be implemented in the 1st half of 2011, which will provide an additional margin, based on the current situation of the dynamics of agricultural markets.

Razgulay Group OJSC has no plans to place the issue entirely, because the need for financing is about RUB 1.5 bn.

On December 16th there will be redemption of earlier placed issues of Razgulay Group OJSC bonds of series BO-08 and BO-12 of total nominal value about RUB 1.8 bn.
"Thus, increasing the debt burden will not occur", - said Victor Sukhinov.

Otkritie Bank OJSC was selected as issue arranger.