By Christine Van Dusen
Atlanta, Dec. 11 – Russia-focused Eastern Property Holdings Ltd. sold $50 million nine-year bonds at par to yield 6¾% on Friday, according to a company announcement.
Valartis Bank was the bookrunner for the deal.
Eastern Property is a Swiss-listed, British Virgin Island-based real estate development and investment company focusing on Russia. It is managed by Valartis International Ltd., a wholly owned subsidiary of Valartis Group AG.
| Issuer: | Eastern Property Holdings Ltd.
|
| Amount: | $50 million
|
| Maturity: | Dec. 31, 2024
|
| Description: | Notes
|
| Bookrunner: | Valartis Bank
|
| Coupon: | 6¾%
|
| Price: | Par
|
| Yield: | 6¾%
|
| Trade date: | Dec. 11
|
| Settlement date: | Dec. 23
|
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