The issuer of the «AgroNekst» group of companies placed its first…
The issuer of the «AgroNekst» group of companies placed its first bond issue, denominated in yuan, with a volume of 700 million yuan.
Consensus
- AgroNext issued its debut bond offering in yuan.
- The bond volume was 700 million yuan.
- The term of the bond was 1.5 years.
- The annual coupon rate was 8.95%, paid monthly.
- The book of orders was closed on August 5, 2026.
- The technical settlement is scheduled for August 11, 2026.
- Gazprombank acted as the organizer of the issuance.
- The issuance attracted both institutional and retail investors.
- Banks accounted for 58% of the demand, 10% came from asset management companies, and 32% from brokerage and private banking clients.
- The issuance expanded the group of Russian fertilizer producers listed in the yuan bond segment.
- The deal was the first yuan-denominated issuance since July.
Points of divergence
- The issuance occurred in a clean market with no other yuan-denominated deals, and it met maximum investor demand in the current market conditions. — kommersant
- The issuance opened a new name for Russian investors and set a positive impulse for future currency placements in the second half of the year. — kommersant
Coverage (2 sources)
- AgroNext issued bonds worth 700 million yuan — Коммерсантъ
- Company "AgroNest" issued bonds for 700 million yuan — Ведомости