Miratorg Bond Issuance Included in A Quotation List of Moscow Exchange
OREANDA-NEWS. ABH Miratorg reported that company's bond issuance of BO-03 series the capacity of which is 5 billion rubles, for the first time was included in “A” quotation list of Moscow exchange, Russian leading public stock exchange for trading securities.
The Holding is the largest investor in Russian agro-business sector: completed company investments exceed 100 billion rubles. The company actively develops key areas of business under vertically-integrated structure: from crop and meat production to meat processing and distribution including a chain of corporate supermarkets.
"The decision of the exchange reflects the high level of financial stability of the Holding, the transparency of corporate management, openness to investors as well as the high quality of the issuer's securities. The inclusion of bonds in top list will allow Miratorg to enlarge the number of potential investors and get more convenient conditions for further market arrangement if the company makes such decision”,- said Kirill Kopelovich the head of investment department of Zenit bank which was one of the organizers of the arrangement.
“Inclusion of bonds of the Holding to “A” quotation list reflects the successful implementation of strategies of the company on sustainable development of the key business areas with the most efficient use of borrowed resources and equity capital. We are sure that this is a positive signal for financial community which will promote further increase of Miratorg attractiveness for investors as a highly reliable borrower,”- said Vadim Kotenko, chief financial officer of ABH Miratorg.
The company placed an issue of three-year bonds, series BO-03, the capacity of which is 5 billion rubles, on April 2013. The issue was the largest in the history of the Holding and it attracted a wide range of investors including leading Russian and foreign banks and funds.
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