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The Board of Directors of Agroton Public Limited hereby announces that on July 14, 2011, Agroton Public Limited will issue notes on the following terms:
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Issuer:
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Agroton Public Limited
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Sureties:
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LLC Living; PE APC Agro; PJSC Agroton; LLC Agro Meta; LLC Novyy Shlyakh; LLC Shyykivske; LLC Agro Svinprom; LLC Agro Chernuhinsky Kurchata; LLC Rosinka-Star; PE Agrofirm im. Shevchenko
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Expected Issue Ratings:
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S&P: B-
Fitch: B-
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Format:
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Regulation S only
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Type:
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Senior Unsecured Notes
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Currency and Issue Size:
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U.S.$ 50 million
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Denominations:
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U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof
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Tenor:
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3 years
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Use of proceeds
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Refinancing of existing indebtedness, the acquisition and construction of elevator storage facilities, the expansion of the existing land bank, the acquisition of agricultural machinery and general corporate purposes
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Settlement Date:
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14th July 2011
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Interest Commencement Date:
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14th July 2011
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First Coupon Date:
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14th January 2012
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Maturity Date:
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14th July 2014
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Re-offer Yield:
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12.500%
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Coupon:
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12.500%
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Coupon Payment Dates:
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Semi-annual on 14th of January and July of each year
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Key Covenants
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European High Yield style package including (among others) limitations on the ability of the issuer and each of the sureties to incur additional indebtedness, create or incur liens, make certain restricted payments, enter into transactions with affiliates, transfer or sell assets, consolidate or merge, change its business, or make certain distributions
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Issue Price:
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100%
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Governing Law:
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English
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Joint Lead Managers:
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Dragon Capital (Cyprus) Limited, UBS Limited, VTB Capital plc
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Co-Lead Managers
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Bank Zachodni WBK Spółka Akcyjna, Dom Maklerski BZ WBK Spółka Akcyjna (BZ WBK Brokerage), Jaspen Capital Partners
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Regulation S ISIN:
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XS0627994477
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Regulation S Common Code:
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062799447
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Clearing:
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Euroclear/Clearstream
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Listing:
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London Stock Exchange
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