PIK says delays offer of 14 bln rbl exchange bonds indefinitely

MOSCOW, Apr 17 (PRIME) -- Russian real estate developer PIK Group has delayed placement of a 14 billion ruble 10-year exchange bond indefinitely, the company said in a statement on Tuesday.

The company planned to collect bids for the bonds on Tuesday. The issue encompasses early redemption on request of bondholders or on the initiative of the issuer. The technical placement was scheduled for Wednesday.

(62.2794 rubles – U.S. $1)

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