AS Pro Kapital Grupp Announces Significant Financial Decision
AS Pro Kapital Grupp, a reliable name in the real estate sector, is excited to share news about a significant financial move regarding its senior secured bonds. The Company will execute a partial repayment totaling EUR 9,405,000. This repayment amounts to EUR 330 per bond, which reflects the company’s commitment to maintaining a robust financial structure.
Details on the Partial Repayment of Bonds
The upcoming partial repayment will be derived from a larger pool of maximum EUR 28,500,000 senior secured callable fixed rate bonds that are scheduled for maturity in 2028. These bonds, identified by ISIN SE0013801172, currently have an outstanding balance of EUR 19,950,000. This strategic repayment is partly facilitated through voluntary redemption provisions.
Components of the Repayment Plan
The repayment is structured to include EUR 4,405,000 from Clause 11.3, which refers to the issuer's ability to redeem bonds early, along with EUR 5,000,000 derived from Clause 12.12 related to the operations of German hotels. Such arrangements underline the company’s proactive approach in managing its financial obligations.
Impact on Bondholders
Each bond will see its outstanding amount adjusted to EUR 370 following this repayment, leading to a new aggregate outstanding bond amount of EUR 10,545,000. This development will engage all bondholders actively, as they will partake in a reduction of their respective holdings.
Timeline and Communication with Bondholders
The partial repayment is set to be executed on 20 August 2025, specifically for those registered as bondholders in the Euroclear Sweden debt ledger as of the record date on 13 August 2025. This precise timeline highlights the company’s dedication to transparency and responsible financial practices.
Notification of Bondholders
In alignment with the terms outlined in the bond agreement, all participating bondholders will receive a notice regarding the partial repayment on 25 July 2025. This notice will be accessible on both the Company’s website and that of Nordic Trustee & Agency AB, reflecting the Company’s commitment to clear communication.
Company Contact Information
For any inquiries related to the bond repayment, Ann-Kristin Kuusik, the CFO, is available at +372 614 4920. Additionally, interested parties can reach out via email at prokapital@prokapital.ee.
Frequently Asked Questions
What is the total amount being repaid by AS Pro Kapital Grupp?
The total amount being repaid is EUR 9,405,000, which includes accrued interest.
Which bonds are involved in the partial repayment?
The repayment affects the senior secured callable fixed rate bonds with ISIN SE0013801172.
When will the partial repayment take place?
The partial repayment is scheduled for 20 August 2025.
Who will receive the repayment?
Only bondholders registered in the debt ledger as of the record date, 13 August 2025, will receive the repayment.
How will the outstanding amount of each bond change?
After the partial repayment, the outstanding amount for each bond will reduce to EUR 370.
