By Marisa Wong
Los Angeles, Feb. 19 – AS Pro Kapital Grupp said it priced €28.5 million of 8% four-year senior secured callable fixed-rate bonds.
Pareto Securities AB acted as manager.
The bonds are expected to be issued on Thursday. The company plans to apply to list the new bonds on Nasdaq Stockholm.
Proceeds will be used to redeem Pro Kapital’s existing 2015/2020 bonds (ISIN: SE000650437) totaling €27.9 million. The company said it will make a separate announcement on the early redemption.
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: | Senior secured callable fixed-rate bonds
|
| Amount: | €28.5 million
|
| Maturity: | February 2024
|
| Manager: | Pareto Securities AB
|
| Coupon: | 8%
|
| Settlement date: | Feb. 20
|
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