Ilya Motorygin’s Post

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A specialist with 30 years of experience in fertiliser trading.

Acron issues bonds with a very attractive yield. Acron, a well-known Russian manufacturer of mineral fertilisers, has announced the issuance of new bonds denominated in Chinese yuan, with a coupon yield ranging from 7.5% to 8% per annum. Issue details: - Issue volume: 1.5 billion yuan. - Bond tenure: 2 years. - Coupon rate: expected to be between 7.5–8% per annum. - Payment frequency: coupons are paid quarterly. - Amortisation: 50% scheduled one year after the issue begins. Thus, almost $210m, which can be used for expansions of operations or as working capital, for instance. Acron, as a company, is not explicitly banned from borrowing abroad, but its significant connections to sanctioned individuals, specifically its large shareholder Vyatcheslav Kantor, could complicate its ability to access international financial markets. Again, sanctions don’t work, but they open opportunities. #fertilisers #fertilizers #acron #bonds #imstory #capital #usd #yuan #china #russia

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