7 Sep 2016 11:09

PIK Group plans to place 6 bln rubles in exchange-traded bonds - source

MOSCOW. Sept 7 (Interfax) - Russian property developer PIK Group plans to place 6 billion rubles in 10-year exchange-traded bonds, a source in banking circles told Interfax.

The indicative coupon rate is 12.75%-13% annually, corresponding to a yield to the three-year offer of 13.16%-13.42%.

The bid book is tentatively scheduled to open on September 13.

VTB Capital is the placement organizer.