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Published on 8/19/2015 in the Prospect News Emerging Markets Daily.

Russia’s PIK Group to place RUB 15 billion of 10-year 14¼% bonds

By Wendy Van Sickle

Columbus, Ohio, Aug. 19 – PIK Group will place RUB 15 billion of its 10-year 14¼% bonds from three series on Friday, according to a notice from the London Stock Exchange.

The placement includes bonds from series BO-04, BO-05 and BO-06.

The company said proceeds will be used to advance its current activities.

PIK Group is residential real estate developer based in Moscow.


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