Agroton Group (Luhansk region) has proposed to the holders of its loan participation notes an offer for sale of its notes, the issuer has said on the London Stock Exchange (LSE).

The group is ready to buy the outstanding notes at the purchase price being an amount equal to 30% of their nominal value plus accrued and unpaid interest on each $1,000 in principal amount of notes accepted for purchase on the Notes from (and including) July 14, 2016 to (but excluding) the date falling promptly after the expiration date (November 2, 2016) as notified by the issuer to the noteholders on the announcement date.

In July 2011 the group issued debut three-year $50 million notes at 12.5% per annum.

The securities were restructured and their maturity term was extended until June 2019. The interest rate was cut to 6% per annum.

Agroton has been working in Ukraine since 1992. It specializes in growing grains and oilseeds, production and sales of livestock products. Agroton's land bank is about 150,000 ha. It is located in Luhansk and Kharkiv regions. The group owns two poultry farms in Luhansk region.