Source - SMW
PIK Group has completed the placement of its bonds of the BO-01 (ID #4B02-01-01556-A), BO-02 (ID #4B02-02-01556-A) and BO-03 (ID #4B02-03-01556-A) series.

The placement was performed by the means of open subscription.

The number of bonds amounted to 9,000,000 pieces with the total nominal value of RUB9,000,000,000. 

The maturity of the papers is ten years. The coupon rate of the bonds is 13% per year, which corresponds to a sum of RUB64.82 rubles for each paper issued. Coupon frequency is once every six months.

Proceeds from the placement will be used for financing the development of the current Company activities.