MOSCOW, August 5, 2016 - PIK Group (LSE: PIK) announces that it has completed the placement of its BO-07 (ID #4B02-07-01556-A) series bonds. The placement was performed by the means of open subscription.

The number of bonds amounted to 5,000,000 with the total nominal value of 5,000,000,000 rubles. The maturity of the papers is ten years. The coupon rate of the bonds is 13% per year, which corresponds to a sum of 64.82 rubles for each paper issued. Coupon frequency is once every six months.

«Bank Otkritie Financial Corporation» (Public Joint-Stock Company) acted as the manager of the placement.

Proceeds from the placement will be used for financing the development of the current Company activities.

Enquiries:

PIK Group