By Susanna Moon
Chicago, Aug. 3 – PIK Group said it placed RUB 5 billion of 13% 10-year BO-07 series bonds.
The issuer sold 5 million bonds, and the 13% coupon corresponds to a sum of 64.82 rubles for each paper issued, according to a notice.
Bank Otkritie Financial Corp. is the manager.
Proceeds will be used for financing the development of the company activities.
PIK Group is residential real estate developer based in Moscow.
| Issuer: | PIK Group
|
| Issue: | BO-07 series bonds
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| Amount: | RUB 5 billion
|
| Maturity: | 10 years
|
| Coupon: | 13%
|
| Price: | Par
|
| Manager: | Bank Otkritie Financial Corp.
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 5
|
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