By Christine Van Dusen
Atlanta, May 21 – Russia-focused Eastern Property Holdings Ltd. priced $135 million notes due 2024 at par to yield 7¼%, according to a company announcement.
Valartis Bank (Liechtenstein) AG was the bookrunner for the deal.
Eastern Property is a Swiss-listed, British Virgin Islands-based real estate development and investment company focusing on Russia. It is managed by Valartis International Ltd., a wholly owned subsidiary of Valartis Group AG.
| Issuer: | Eastern Property Holdings Ltd.
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| Amount: | $135 million
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| Maturity: | May 31, 2024
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| Description: | Notes
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| Bookrunner: | Valartis Bank (Liechtenstein) AG
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| Coupon: | 7¼%
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| Price: | Par
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| Yield: | 7¼%
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| Put: | In years three and six
|
| Trade date: | May 18
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| Settlement date: | June 3
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