Pioneer Investments Luxembourg, a company that manages UniCredit group’s investments, will launch an investment fund with placements in corporate debentures on emerging markets, planning to draw subscriptions of EUR 300-500 M from investors, Mediafax informs. The investment fund’s subscription offer will take place in all countries in which the UniCredit group is present. Investors can buy Pioneer Fund – Emerging Markets Corporate Bond 2016 shares from April 25 to June 6. In Romania subscriptions will be made through UniCredit Tiriac Bank. The Fund will have a five-year maturity and will pay investors a EUR-denominated annual target-dividend of 4.5 per cent.