PIK-Corporation LLC (100% subsidiary of PIK Group of Companies) has fully placed bonds of series 001P-03 with a maturity of 2.5 years in the amount of 7 billion rubles, the company said.
The collection of applications for the release took place on September 25. Initially, the benchmark for the 1st coupon rate was 7.50-7.75% per annum, in the course of marketing it was reduced once. The placement volume was increased from “at least 5 billion rubles” to 7 billion rubles.
The rate of the 1st coupon is set at 7.4% per annum, which corresponds to a yield to maturity of 7.61% per annum.
The organizers of the placement are Alfa-Bank, BCS Global Markets, VTB Capital, Gazprombank (MOEX: GZPR), Rosselkhozbank and Sovcombank.
The previous time the company entered the debt market in December 2019. Then she placed a 5-year bond issue in the amount of 7 billion rubles at a rate of 8.25% per annum.
Currently, there are 7 issues of PIK GC bonds for a total amount of 61 billion rubles and two issues of PIK-Corporation bonds for 8.3 billion rubles.
The PIK Group of Companies is one of the largest Russian development companies with projects in Moscow, the Moscow Region and regions of Russia. The controlling shareholder of PIK (MCX: PIKK) with a 59% share is Sergey Gordeev, VTB (MOEX: MCX: VTBR) has 23%. The company's shares are traded on the Moscow Exchange.