Moscow Exchange has registered bonds of PJSC Cherkizovo Group (MCX: GCHE) series BO-001R-03 with a maturity of 3.5 years and included them in the first level of the quotation list, the exchange said.
The issue was assigned the identification number 4B02-03-10797-A-001P.
The number of bonds to be placed will be indicated in the document containing the placement conditions.
The issue will be placed within the program of the 001Р series of the company in the amount of up to 30 billion rubles, registered by the Moscow Exchange in September 2015.
Currently, there are two issues of the company's exchange-traded bonds in circulation, placed under the program, with a total volume of 15 billion rubles.
The Cherkizovo Group is one of the three largest Russian producers of chicken, pork and processed meat products. The group includes nine full-cycle poultry farms, 16 pig farms, eight meat processing enterprises, as well as nine feed mills and more than 287 thousand hectares of agricultural land. The main owners of the company are members of the Mikhailov family, who together control 82.1% of the share capital.
At the end of August, ACRA assigned the company an A + (RU) credit rating with a stable outlook. “The rating is due to a strong business profile, very high liquidity rating, high level of corporate governance and high profitability. The rating is constrained by the average level of debt burden, weak cash flow and average estimate of the size of the company,” the agency said.