August 03, 2017 |
|Russian real estate developer PIK Group will collect bids for 10 billion ruble 5-year exchange bonds for one more day until 5 p.m. Moscow time on Thursday, it said in a statement.|
At first, it planned to build the bidding book on Wednesday and set the first coupon guidance at 10.75–10.95%, which corresponds to an 11.19–11.41% yield to maturity. Later a banking source told PRIME that the final first coupon guidance was set at 10.75%.
The issue carries quarterly coupons.
The technical placement of the bonds is preliminarily scheduled for Friday.
Global Markets, brokerage company Region, Sberbank CIB, SKS Bank, and Sovcombank act as organizers.
Issue: PIK Group, BO-P03
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (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|