Smolevichi Broiler to Raise 150 Million Rubles From Banks and Companies

Smolevichi Broiler OJSC is issuing bonds worth 150 million rubles. The issue prospectus has been published on the Unified Financial Market Portal.

A total of 1,500 securities with a face value of 100,000 rubles each will be issued. They carry an annual interest rate of 9%. The bonds are due to mature on May 16, 2031.

The securities will be placed through a private offering among 13 companies, including legal entities from the Servolux group and five banks.

According to the issue prospectus, exports accounted for 53% of revenue last year, while domestic sales accounted for 47%. The share of exports has declined in recent years.