Russian housebuilder PIK Group postpones bond sale
(Adds company's comment, context)
MOSCOW, April 17 (Reuters) - Russia's biggest housebuilder
PIK Group said on Tuesday it had postponed
indefinitely the sale of 14 billion roubles ($227.66 million) of
The company, which had planned to place the bonds on April
18, said the postponement was due to the market volatility.
"PIK has decided to again review and adjust the placement's
parameters in the context of the current market situation," a
Russian assets have tumbled over the last week after the
United States imposed new sanctions on Russia, clouding
prospects for Russian companies tapping equity markets.
Russian meat producer Cherkizovo postponed a board
meeting scheduled for Tuesday to approve a new share issue, days
after Russian IT services company IBS said it was putting its
initial public offering on hold.
Russia also cancelled a regular weekly auction of OFZ
Treasury bonds last week, citing unfavourable market conditions.
($1 = 61.4958 roubles)
(Reporting by Maria Kiselyova, editing by Louise Heavens and
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