Pro Kapital Grupp to repay €8.55 million of 2024 bonds on Feb. 5

By Marisa Wong

Los Angeles, Jan. 17 – AS Pro Kapital Grupp announced that the mandatory partial repayment of its €28.5 million 8% senior secured callable fixed-rate bonds 2020/2024 (ISIN: SE0012801172) will be made on Feb. 5.

Under the amended and restated terms of the bonds, the company is to partially repay €8.55 million of the bonds no later than Feb. 20. The company will make the partial repayment by reducing the outstanding amount of each bond pro rata at a price of par, plus accrued interest on the prepaid amount.

As announced on Monday, the company had obtained bondholders’ approval in the Dec. 22 written procedure under the 2024 bonds to extend the maturity of the bonds and to make some other amendments to the terms and conditions, including the partial redemption.

Pro Kapital Grupp is a Tallinn, Estonia-based real estate development company.

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