The prices of Russian Agricultural Bank’s (RusAg’s) series 01Т1 and 09Т1 bonds have returned back to par. As at 13 September the bonds were trading on the Moscow Exchange close to RUB 990 (99% of the par value). Till April 2028 the Bank will twice a year pay a coupon yield to bondholders based on a 9% annual coupon rate. Beyond this term, the issuer either redeems the bonds with repayment of the principal and the last coupon yield, or extends their maturity setting a new coupon interest rate.
Boris Listov, Chairman and CEO of Russian Agricultural Bank (RusAg), held a meeting with Vladimir Volkov, Governor of Mordovia. The parties discussed prospects of the local agribusiness, joint projects and issues of rural areas development.
As part of the business program at the Eastern Economic Forum Boris Listov, Chairman of the Board and CEO of Russian Agricultural Bank (RusAg), and He Zhenwei, Secretary General of China Overseas Development Association (CODA), signed a Cooperation agreement for implementation of investment projects in Russian agribusiness.
As part of the 5th Eastern Economic Forum in Vladivostok Boris Listov, Chairman and CEO of Russian Agricultural Bank (RusAg), and Oleg Kozhemyako, Governor of the Primorye Territory, held a meeting. The parties discussed current conditions in the local agribusiness and its prospects. Special focus was placed on the program of comprehensive agribusiness insurance which is needed to mitigate difficult climatic conditions in the region. This program will be carried out by RusAg and its subsidiaries
In the framework of the Eastern Economic Forum Russian Agricultural Bank (RusAg) and ‘Legendagro Holding’ JSC signed a Cooperation agreement for creation of a vertically integrated agroholding. This large scale project stipulates crop breeding, soybeans deep processing and a logistics facility to export the produce to Asia Pacific. By 2030 the annual export sales of agroholding are estimated to reach 188 tonnes, or RUB 5.6 billion in monetary terms.
On 28 August 2019, Russian Agricultural Bank (RusAg) and the Ministry of Agriculture signed an Agreement stipulating subsidized lending to agribusinesses as part of the Government Resolution No 512 dated 26.04.2019. The new procedure for providing subsidies is aimed at increasing competitiveness of domestic agricultural foodstuffs and growing the output through better marketability. The agreement was signed at a round table held by RusAg with support of the Ministry of Agriculture. It is expected that first agreements with agribusinesses as part of the new procedure will be drawn up by the end of September 2019.
Russian Agricultural Bank (RusAg, the Group) announces its interim condensed consolidated financial results for 6M 2019 according to International Financial Reporting Standards (IFRS).
On 26 August 2019 Boris Listov, Chairman of the Board and CEO of Russian Agricultural Bank (RusAg), and Oleg Khorokhordin, interim Head Governor of the Orel region, signed an Agreement aimed at comprehensive development of the local agriculture and rural areas.
On 19 August 2019 Fitch Ratings upgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of Russian Agricultural Bank (RusAg) from ‘BB+’ to ‘BBB-’. The ratings carry a Stable Outlook. The rating action follows the upgrade of Russia's sovereign ratings.
While on a working trip to the Lipetsk region Denis Konstantinov, Deputy Chairman of the Management Board of Russian Agricultural Bank (RusAg), held a meeting with Igor Artamonov, interim Head of the region. The parties discussed prospects of local agribusiness and rural areas development. RusAg is willing to help attract investors in the region’s territory including for building processing facilities.