LLC PIK-Corporation (a 100% subsidiary of PJSC Group of Companies PIK) plans on September 25 to collect applications for bonds with a maturity of 2.5 years, series 001P-03 with a volume of 5 billion rubles or more, a source told Interfax on financial market.
The collection of applications will take place from 11:00 Moscow time to 15:00 Moscow time.
The benchmark for the rate of the 1st coupon will be announced later. Quarterly coupons.
The organizers are Alfa-Bank, BCS Global Markets, VTB Capital, Gazprombank, Rosselkhozbank and Sovcombank.
The technical placement is scheduled for September 30.
The previous time the company entered the debt market in December 2019. Then she placed a 5-year bond issue worth 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% stake is Sergey Gordeev, VTB (MCX: VTBR) has 23%. The company's shares are traded on the Moscow Exchange.