--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20230904-phosagro-issued-replacement-bonds-for-740-million/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro issued replacement bonds for $740 million Publication Date: 2023-09-04T13:00:48-04:00 Last Updated: 2023-09-04T06:00:44-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/) ![PhosAgro issued replacement bonds for $740 million](https://www.fertilizerdaily.com/wp-content/uploads/2023/09/iStock-1416867400.jpg) The company announced the successful completion of all placement procedures. PhosAgro, a Russian vertically integrated company, one of the world’s leading producers of phosphate-based fertilizers, completed all procedures for the placement of replacement bonds for $740 million. In May 2023, the President of Russia issued a decree requiring Russian companies with Eurobonds to issue replacement bonds in the same currency against them. This is necessary to fulfill obligations to investors who owned securities through Russian depositories. “PhosAgro became the first company to issue replacement bonds since the Decree, offering Russian investors a reliable and liquid investment vehicle. The market reacted with interest to the offer due to the high credit quality of PhosAgro and the significant placement volume. The share of holders of Eurobonds maturing in 2025 and 2028 who changed their bonds to substitutes is 74%,” said Alexander Sharabaiko, Deputy Chairman of the Board of Directors and PhosAgro Deputy CEO for Finance and International Projects. The company acts in the interests of existing and potential investors, fully fulfills its obligations and continues to work actively in this direction. Tags: [investment](https://www.fertilizerdaily.com/tag/investment/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.