By Susanna Moon
Chicago, May 3 – Pro Kapital Grupp AS said it priced €15 million of 8% four-year callable secured bonds.
Pro Kapital will issue 150 bonds at a price of €97,000 for each €100,000 principal amount, adjusted for the accrued interest, according to a company announcement.
As announced April 20, the company opened subscriptions for the fourth tranche of its five-year bonds from April 21 through April 29.
The company’s supervisory council on April 2, 2015 approved the issuance of up to €50 million of the bonds in several tranches and decided on April 4 to begin the start of the fourth subscription, according to a company notice.
The issue was allocated within the target of 150 bonds, an interest rate of 8% and an issue price of at least 97.
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: | Pro Kapital Grupp AS
|
| Issue: | Secured callable fixed-rate bonds
|
| Amount: | €15 million
|
| Maturity: | June 1, 2020
|
| Coupon: | 8%
|
| Price: | 97
|
| Pricing date: | May 3
|
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