Estonia's Pro Kapital to issue 5% five-year nonconvertible bonds

By Tali Rackner

Norfolk, Va., Sept. 5 – The management board of Pro Kapital Grupp AS said it approved plans to issue unsecured and nonconvertible bonds at its meeting on Thursday.

The bonds will mature in five years and carry a coupon of 5%. Each bond will have a nominal value of €10,000, according to a press release. The minimum investment will be €100,000.

The subscription period runs from Sept. 5 through Sept. 12. The amount of bonds to be issued will be determined after the subscription period expires.

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.

© 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.