Pro Kapital again extends subscription period on non-convertible bonds

By Taylor Fox

New York, Nov. 6 – Estonia’s Pro Kapital Grupp AS prolonged for the second time the subscription term for the second tranche of privately placed unsecured callable fixed-rate non-convertible bonds.

The term has been pushed out to Nov. 13 from Nov. 6, according to a news release.

As previously reported, the original subscription period of the bonds was Oct. 1 through Oct. 28.

The subscription period was extended based on the request of a potential investor.

The bonds will mature Oct. 31, 2024 and bear annual interest of 8%, payable semiannually.

Pro Kapital Grupp is a Tallinn-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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.