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)