O'Key Group to float $248m bond

The Shareholders of O'Key Group, a St. Petersburg-based hypermarket chain, have passed a resolution at an extraordinary general meeting to place series 01 through 03 five-year non-convertible certificated interest-bearing bonds worth RUB 8bn (approx. USD 248.37), according to a statement released by the company. Series 01 issue will consist of 2m bonds with a par value of RUB 1,000 (approx. USD 31.05), and series 02 and 03 issues will consist of 3m bonds each with the same par value. www.rbcnews.com