Estonia’s Pro Kapital to open subscriptions for €2.06 million 8% bonds

By Taylor Fox

New York, Sept. 30 – Pro Kapital Grupp AS will launch the second tranche of subscriptions for its five-year secured callable fixed-rate bonds, according to a news release.

Pro Kapital plans to issue up to 734,780 bonds with the aggregate nominal value of €2,057,384.

The subscription period of the bonds starts on Oct. 1 and ends on Oct. 28.

The bonds will mature Oct. 31, 2024 and bear annual interest of 8%, payable semiannually. Bonds are unsecured and non-convertible.

If the offer is fully subscribed, the total value of all the bonds issued in both tranches will be €10,249,178.80, and the total number of bonds will be 3,660,421, each with the issue price and nominal value of €2.80.

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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