OREANDA-NEWS. March 26, 2012. OJSC Cherkizovo Group (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, announces the transfer of its bonds onto quotation list "A 1" at MICEX, reported the press-centre of Cherkizovo Group.

The Board of MICEX made the decision on March 14, 2012 to transfer Cherkizovo bonds from quotation list "A 2", where the bonds have traded before, to quotation list "A 1". This means that the Group has passed all necessary tests and met all requirements of the MICEX.

Cherkizovo bonds are documentary inconvertible interest bonds to bearer series 03 with an obligatory centralized storage series 03 of 3 000 000 (three million) bonds with a nominal value of 1 000 (one thousand) roubles per bond. Total nominal value of the bonds equals 3 000 000 000 (three billion) roubles. The bond issue was registered by the Federal Service for Financial Markets on December 30, 2009 with the registration number 4В02-03-10797-А.

Inclusion of a company’s bonds onto quotation list "A 1" is possible only if it satisfies the most stringent requirements regarding financial results, liquidity, corporate governance and procedures for information disclosure. The MICEX regulations regarding corporate governance and information disclosure correspond with the highest international standards. Inclusion on list "A 1" expands the potential bondholder base to include Russian non-government pension funds, management companies accredited by the Russian State Pension Fund, insurance companies and others.

Sergey Mikhailov, CEO of Cherkizovo Group, said: “Following the transfer of our shares to quotation list "A 1" on March 2, 2012, we are very pleased that MICEX has made the decision to transfer our bonds to this similar list. This reconfirms our commitment to the highest standard of corporate governance and reiterates the investment case and credit quality of our Company”.