PIK Group of Companies has set the 6th coupon rate for BO-P04 series bonds at 4.75% per annum, the issuer said.
Ten-year bonds in the volume of 7 billion rubles were placed in April 2018 at a coupon rate of 7.75% per annum. The rates for coupons 2-20 are determined as the sum of the key rate of the Central Bank of the Russian Federation and 0.5%. The issue provides for the payment of semi-annual coupons. The offer is not provided. There is a possibility of early repayment at the request of the owners and at the discretion of the issuer.
Currently, there are 7 issues of PIK GC (MOEX: PIKK) exchange-traded bonds for a total of RUB 61 billion and two issues of PIK-Corporation bonds for RUB 8.3 billion.
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 (MOEX: MOEX).