July 28, 2017 |
Russian real estate developer PIK Group plans to collect bids for 10 billion ruble 5-year exchange bonds on August 2, a banking source told PRIME on Friday.
The first coupon rate guidance for the bonds amounts to 10.75–10.95%, which corresponds to a yield to maturity of 11.19–11.41%.
The technical placement of the bonds is preliminarily scheduled for August 4. BCS Global Markets, brokerage company Region, Sberbank CIB, SKS Bank, and Sovcombank will act as organizers.
Emission: PIK Group, BO-P03
|Status||Country of risk||Redemption (offer)||Volume||Emission Rating (M/S&P/F)|
Company: PIK Group
|Full company name||Public Joint Stock Company "PIK"(First Mortgage Company)|
|Country of risk||Russia|
|Country of registration||Russia|
|Industry||Construction and development|