Pro Kapital extends 7% convertibles by two years to August 2021

By Marisa Wong

Los Angeles, Aug. 13 – Pro Kapital Grupp AS has extended the redemption date of 1,081,076 of its 7% convertible bonds, series PKG7, by two years after receiving approval by bondholders.

The new redemption date is Aug. 13, 2021.

In total €3,027,012.80 of convertible bonds were extended.

Holders have the right to exchange one convertible bond for one share of Pro Kapital.

Pro Kapital is a Tallinn, Estonia-based real estate development company.

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