Estonia’s Pro Kapital extends €2.35 million convertibles by two years

By Susanna Moon

Chicago, Aug. 5 – AS Pro Kapital Grupp said it extended the redemption date of its €2,352,515.20 of 7% convertible bonds by two years to Aug. 10, 2016.

All bondholders agreed with the company’s proposal to extend the redemption date of the convertible bonds, according to a company press release.

The bonds had been set to mature on Aug. 10, 2014.

The issue price of each convertible bond is €2.80, the release noted.

The company’s stock (TAL: PKG1T) closed at €2.54 on Aug. 4.

Pro Kapital Grupp is a Tallinn, Estonia-based real estate development company with a focus on modern large-scale commercial and residential real estate in the capitals of Estonia, Latvia and Lithuania.

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