Tallinn, 2014-03-14 15:59 CET (GLOBE NEWSWIRE) --
AS Pro Kapital Grupp management board decided on the 14th of March 2014 to offer for subscription unsecured and non-convertible bonds.
Bonds offered have the nominal value and issue price of 10 000 Euro per each bond.
The maturity of the bonds is 5 years and bonds bear annual interest of 5%, payable annually.
Bonds are unsecured and non-convertible.
Minimum investment of 100,000 Euros is required per investor.
The subscription period of the bonds starts on 14th of March 2014 and ends on 28th of March 2014.
Amount of bonds to be allocated and issued as of the result of this subscription will be determined after the end of the subscription period, based on subscription results and the decision of the management board of AS Pro Kapital Grupp. Currently no fixed amount of the offer has been decided.
Bonds are offered in a manner that the offer is not deemed as public offer of securities in the meaning of the directive 2003/71/EC and applicable laws, to investors who acquire the bonds for a total consideration of at least 100,000 Euros per investor. Bonds are offered to investors who have been sent an invitation to participate in the subscription.
AS Pro Kapital Grupp shall inform of the results of the offer with the separate notice after the decision of allocation of the bonds is made.
This notice is published in accordance with the article 7.6. of the “Requirements for Issuers” and is not an offer to subscribe the Bonds.
Head of Investor Relations