OREANDA-NEWS. March 18, 2011. The Board of Directors of Razgulay Group decided to place and approved the decision to issue bonds of series BO-16. The volume of loans at nominal value amounted to RUB 3 bn., maturity is 1092 days from the date of bonds’ placement, and the way of placing is public subscription. Commercial papers will be provided with the possibility of early prepayment at the request of the owners and at the discretion of the issuer, reported the press-centre of Razgulay Group.

OJSC Bank Petrocommerce and OJSC Bank ZENIT are appointed as issue arrangers.

"We realize that the placement of loan won’t be easy after 2008 and 2009, which were stressful for the Group. However, a significant increase in financial stability and efficiency of Razgulay at the end of 2010, a fundamental restructuring of the loan portfolio with the share of long-term loans of up to 80%, as well as a number of mechanisms, which we plan to provide for the strengthening of investment appeal of the issue, let us hope for a constructive dialogue with market participants and a positive place, "- says Viktor Sukhinov, CEO of Razgulay Group.