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Ekosem-Agrar plans to privately place €50 million 8¾% five-year notes
By Paul A. Harris
Portland, Ore., March 6 - Germany's Ekosem-Agrar GmbH will commence a subscription period on Monday for a €50 million offering of 8¾% five-year bonds (///BB+ from Creditreform Rating AG), according to a company press release.
The subscription period wraps up on March 23.
FION GmbH has the books. Equinet Bank AG is the lead manager.
The deal is structured as a private placement to institutional investors, according to the press release.
Proceeds will be used to finance continued growth and optimize the company's financial structure.
Ekosem-Agrar is the Walldorf, Germany-based holding company of Russian milk producer Ekoniva Group.
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