On 30 September 2020, MOEX added OOO PIK-Corporation bonds worth 7 billion roubles to its list of fixed income securities, with BCS Global Markets, again, acting as the lead manager for its regular customer. Funding raised as part of this cooperation over the past four years totals 57 billion roubles. The initial coupon rate of 7.50%-7.75% per annum was decreased as part of bookbuilding to 7.40% per annum, setting the yield to maturity at 7.61% per annum. Thanks to the high market demand, the initial placement was increased from 5 to 7 billion roubles. The issue is eligible to be used as investment with pension savings and insurance reserves.
PIK Group is Russia’s biggest developer, far ahead of its competitors in terms of construction volume, demonstrating a strong market position.
The company has an international rating of BB- from Fitch, and ruA from the Russian rating agency Expert RA.
It has recently come to our attention that some individuals in Estonia with whom we have no business relationship have received phone calls from an individual purporting to be a BCS GM employee and soliciting BCS GM investment services and investments. Please note that BCS GM does not maintain an office in Estonia. We also take no action to promote our services in Estonia through phone calls or otherwise. If you ever have any questions of whether a person contacting you is actually an employee of BCS GM, please do not hesitate to contact us at +44 20 7065 2161 or email at firstname.lastname@example.org
We also strongly recommend that you report any such cases to the national police.