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Published on 9/15/2014 in the Prospect News Emerging Markets Daily.

New Issue: Estonia’s Pro Kapital issues €300,000 of 5% five-year bonds

By Tali Rackner

Norfolk, Va., Sept. 15 – AS Pro Kapital Grupp said it issued €300,000 5% five-year unsecured nonconvertible bonds.

The subscription period ran from Sept. 4 through Sept. 12, as previously announced.

The company’s management board decided on Sept. 4 to offer for subscription 30 bonds, each bond with nominal value of €10,000. The minimum investment amount was €100,000.

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.

Issuer:AS Pro Kapital Grupp
Issue:Unsecured nonconvertible bonds
Amount:€300,000
Maturity:Five years
Coupon:5%
Price:Par of €10,000
Yield:5%
Pricing date:Sept. 4
Settlement date:Sept. 15

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