Miratorg Pays BO 01 Bond Issue Worth 3 Billion Rubles Miratorg Pays BO
OREANDA-NEWS. Miratorg, the major investor in Russian agro-business sector, paid BO 01 bond issue worth 3 billion rubles.
Miratorg have been steadily increasing production of meat: poultry, pork, beef under vertically-integrated business model "from field to fork". Holding's completed investments exceed 120 billion rubles and IAS-based earnings per 2013 increased by 11,5% to a record 53,7 billion rubles due to the stable growth of the key business directions and operating efficiency increase.
The total payout amount of nominal value of three years series BO 01 bonds and earnings for the sixth coupon at repayment with the deduction of taxes withheld by the issuer amounted to 3,131 billion rubles.
"Miratorg" confirmed its status as a high-quality and reliable borrower by fulfilling its obligations to the investors to the full extend, right on time and without involvement of external financing sources despite difficult market situation. Investors, including the largest Russian banks, investment companies and natural persons, earned more than 780 million rubles income paid during the circulation of BO 01 bonds. I'm confident that the name of our company will remain the synonym of reliability and mutually profitable business for the investors”, - Miratorg Vice President for Finance Vadim Kotenko said.
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