Estonia’s Pro Kapital OKs €50 million five-year secured callable bonds

By Toni Weeks

San Luis Obispo, Calif., April 2 – The supervisory council of Pro Kapital Grupp AS approved the issue of up to €50 million of secured, callable, fixed-rate bonds.

The company announced on March 6 that it had started discussions with qualified investors as to the demand for the bond.

The bonds will be issued with a nominal value of €100,000 and will carry a fixed-rate coupon that is no higher than 8%.

They will be issued in several tranches, with the first tranche to be issued in April or May. The bonds will be due five years after issue.

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.