2nd Jun 2010 12:45
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY IN THE UNITED STATES OF AMERICA
PIK GROUP ("The Group" or "PIK")
AGREEMENT WITH GAZPROMBANK
FOR CUSTOMER MORTGAGES ON NEW HOME SALES
(LONDON, June 02 2010) - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, is pleased to announcement a new agreement with Gazprombank whereby the bank will start issuing mortgages to PIK customers for property under construction.
Two mass market projects in Moscow region have been selected for the above program. The base contract terms include loan-to-value ('LTV') of up to 80%, RUB interest rate at 13% (fixed), and maturity up to 25 years.
Enquiries:
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Investors PIK Group Viktor Szalkay Head of Investor Relations
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Tel: +7 495 505 97 33 ext. 1358 |
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International media Citigate Dewe Rogerson Tom Baldock Lindsay Noton
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Tel: +44 20 7638 9571 |
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Russian media Dmitry Ivliev
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Tel: +7 495 505 97 33 ext. 1028 |
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