Russia`s top dairy produce firm, Wimm-Bill-Dann , said on Tuesday its board of directors had approved issuing five-year bonds worth a combined 11 billion roubles . WBD, which also produces juices, baby food and mineral water, said in a statement it planned to issue Series 3 bonds worth 5 billion roubles and Series 4 and 5 bonds worth 3 billion roubles each. It did not give a timetable for the placement. In December 2005, Wimm-Bill-Dann issued a five-year bond worth 3 billion roubles . French food group Danone holds about 18 percent of WBD.