On 22 December 2020, MOEX added GK Pioneer bonds worth 5 billion roubles to its lists of fixed income securities, with BCS Global Markets acting as the lead manager. The initial coupon rate of 9.50%-10.00% per annum was set as part of bookbuilding to 9.75% per annum, setting the yield to maturity at 10.11% per annum. Quarterly amortization payments are scheduled in the last 1.5 years. The maturity is four years. More than 9,500 deals were made, a signal of good liquidity in the secondary market.
GK Pioneer is a group of companies with a pipeline of urban multi-functional and housing real estate projects with subsequent management and utility supplier options. The company has unique experience in projects with different levels of complexity and is one of the leaders in the investment and construction segments of the Russian market with a portfolio of current and past projects of 3 million sq m.
GK Pioneer has a ‘BBB+(RU)’ credit rating from AKRA and a ‘ruBBB+’ rating from Expert RA. The issue has been assigned with a ‘ruBBB+’ rating by Expert RA.