AgroGeneration plans €65 million of 8% convertible bonds due 2019

By Jennifer Chiou

New York, Dec. 30 – AgroGeneration SA announced plans to issue up to €65 million of convertible bonds in the Osrane structure.

The 8% bonds will be issued at par of €100 each and will mature in 2019.

According to a company release, the exchange rate will be 192 existing shares for each Osrane or obligations subordonnees remboursables en actions nouvelles ou existantes.

The company said it is aiming to replace €55 million of existing debt and to raise €10 million in cash.

AgroGeneration said it has obtained approval from its principal stockholders for the transaction, including Konkur.

Questions may be directed to investisseurs@AgroGeneration.com or 01 56 43 68 60.

The issuer is a Paris-based agricultural commodities producer, which cultivates grain and oilseeds in Ukraine and Argentina.

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