EcoNiva Issuer to Hold Bond Subscription for 3 Billion Rubles on June 24

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Russian agricultural company EkoNiva to launch 3 billion ruble bond offering on June 24

EkoNiva, a leading Russian agricultural company, will conduct a bond offering for its Series 001P-03 bonds on June 24, 2023, from 11:00 AM to 3:00 PM Moscow time.

The technical listing of the bonds on the stock exchange is scheduled for June 26, 2026.

The planned offering amount is 3 billion rubles. Each bond will have a face value of 1,000 rubles. The coupon period is set at 30 days, and the bonds will be in circulation for 2.3 years.

The yield for the first coupon is expected to be no more than 16.50% per annum, corresponding to a yield to maturity of no higher than 17.81% per annum.

Rosselkhozbank (Russian Agricultural Bank) will act as the organizer and placement agent for the bond offering.

This overview was presented by Alexei Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.