Egres-Agro LLC (Chernihiv region), Rise-Prykarpattia LLC (Ivano-Frankivsk region) and Standard-Agro LLC (Poltava region), the subsidiaries of the largest agro-holding in Ukraine in the terms of the land bank – Ukrlandfarming, plan to place debut bonds worth UAH 949 million, according to an offering memorandum posted on the information disclosure system of the National Commission for Securities and the Stock Market of Ukraine.

The companies said that the decisions were made by the companies' participants at extraordinary general meetings on June 12, 2014.

Earlier it was reported that seven subsidiaries of the agro-holding placed debut bonds worth UAH 3 billion in June.

Thus, the total face value of bonds of all subsidiaries of Ukrlandfarming grew to UAH 4.589 billion.

According to the offering memos, the securities were issued in a book-entry form with a face value of each bond of UAH 1,000 in the following amount: A Series bonds of Egres-Agro LLC – 389,000, A Series bonds of Standard-Agro LLC – 370,000 and A Series bonds of Rise-Prykarpattia LLC – 190,000.

The bonds will mature on August 5, 2019 (Egres-Agro LLC August 6, 2019).

Financial Initiative Bank (Kyiv) acts as underwriter of the issue.

The interest rate for the first-fourth coupons for the two series is set at 14% per annum.

The companies intend to send the funds to buy raw materials, upgrade of machinery and tractors, agricultural equipment, overhaul of industrial and cattle-breeding premises, construction of efficient grain storage systems and servicing of the production process and product storage.

Ukrlandfarming is the largest farming holding in Eurasia. It plants grain crops, produces eggs, egg products, and sugar, breeds cattle, and sells machinery, fertilizers and seeds.