Source: Pioneer Group to offer 5 bln rbl bonds in December - Construction & Real Estate - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Source: Pioneer Group to offer 5 bln rbl bonds in December

MOSCOW, Nov 25 (PRIME) -- Russian real estate developer Pioneer Group plans to offer at least 5 billion rubles of 4-year exchange bonds in the first half of December, a banking source told PRIME on Monday.

The first couponТs guidance is 10.25Ц10.75% annually, which corresponds to a yield of 10.65Ц11.19% annually to maturity.

The issue carries quarterly coupons and redemption through amortization of debt.

Alfa-Bank, BCS Global Markets, Otkritie Financial Corporation Bank, Gazprombank, and Credit Bank of Moscow will act as the organizers of the placement.

(63.7101 rubles Ц U.S. $1)


25.11.2019 18:43
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