Acron, one of the largest mineral fertiliser producers in Russia, plans to place the bonds by public subscription on November 24, said a source in banking circles.
MOSCOW, 12 Nov. Acron, one of the largest producers of mineral fertilizers in Russia, will place bonds of series BO-02 and BO-03 with a total volume of 10 billion rubles and a maturity period of 3 years, said a source in banking circles.
The planned opening date announcement — November 19th at 11.00 am Moscow time, closing 20 November at 15.00 GMT.
The bonds are planned to be placed by open subscription on November 24, the placement price will amount to 100% of the nominal value, the indicative coupon rate — 11,75 — 12,25% at the yield to 1.5-year put option at 12,10 — 12,63%.
The organizers of the offering are “VTB Capital” and Sviaz-Bank.
Acron (Veliky Novgorod) together with the “Dorogobuzh” (Smolensk region) and “Hongri Acron” (Shandong province, China) and “North-Western phosphorous company” includes a holding company “Akron” which is one of the leading mineral fertilizer producers in Russia. The main owner of “Akron” Vyacheslav Kantor.