OREANDA-NEWS. December 10, 2007. Nutritek Group, the Russia’s largest baby food manufacturer, announced on December 4 full repayment of the principal amount of US$100 million and accrued interest on the two-year CLN on its maturity date of November 29, 2007.

The CLN were issued in November 2005. The demand for that issuance exceeded the supply. The investors from Russia and foreign countries took part in the transaction.

As the result of the repayment the interest expenses of Nutritek will decrease by $10.5 million per year. The current Weighted Average Cost of Debt of the Group is 9.7%.