MOSCOW, August 19, 2015 - PIK Group (LSE: PIK) announces successful closure of the books for the placement of its bonds of the BO-04 (ID #4B02-04-01556-A), BO-05 (ID #4B02-05-01556-A) and BO-06 (ID #4B02-06-01556-A) series. The placement date is set at August 21, 2015.
The number of bonds to be placed makes 15,000,000 pieces with the total nominal value of the placed bonds of 15,000,000,000 rubles. The maturity of the papers is ten years. The coupon rate of the bonds is 14.25% per year which corresponds to a sum of 71.05 rubles for each paper issued. Coupon frequency is once every six months.
Proceeds from the placement will be used for financing current Company activities.