Rusagro Plans IPO In April 2011 In London

 Russia's largest producer of sugar agroholding Rusagro resumed preparations for the IPO and plans the placement in April 2011 on the London Stock Exchange, Reutersreported. 


the selling shareholders will be a Cyprus subsidiary of Rusagro - the company Matchzone Holdings Limited. In late December Matchzone increased its share in Rusagro to 14,3 percent of shares. Traditionally, the minimum amount companies attract during the IPO in London is about $ 400 million. 


Organizers of the placement were chosen last year. They are Renaissance Capital, Credit Suisse, Alfa-Bank and Sberbank.

Russia's Eurobond Road Show in April

Russia will hold a road show of the first in the last 12 years Eurobond issue on 21-22 April 2010 in New York, said Finance Minister Alexei Kudrin.

"In 2010, net borrowing could reach 1.5 trillion rubles, excluding repayment on domestic and foreign markets. This is a large volume", - Kudrin commemted the Government's plans. 

By early April the Ministry of Finance planned to finalize the placement by rule 144A, that means among American and European investors. 

Deputy Finance Minister Dmitry Pankin said that Russia can produce the 30-year  and 10-year Eurobonds, because the market is in demand for long-term instruments. Lead Managers are: Barclays Capital, Citibank, Credit Suisse and Russia's VTB Capital.

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