“Pipe Metallurgical Company” has placed exchange bonds of series BO-07 of 10 billion rubles at nominal value, stated in the message of the Issuer.
The company placed by open subscription of 10 million bonds with a nominal value of 1,000 rubles each. The issue of securities is implemented in full.
The original indicative rate of the 1st coupon was announced in the range of 9.60-9.80% APR, and then first reduced to 9.40-9.50% APR, and later to 9,35-9,40% per annum. “TMK” at the end of collection of applications has established the rate of the 1st coupon in the amount of 9.35% per annum. The rate of 2nd-8th coupons equal the rate of the 1st coupon.
A maturity of 10 years exhibited 4-year offer.
The organizers of the placement: ATON, Alfa Bank, BCS Global Markets, VTB Capital, Sovcombank, UniCredit Bank. The placement agent is VTB Capital.
“The new location will allow us to reduce the cost of maintenance and to reduce the share of short-term debt”, – said the Deputy General Director for strategy and development “TMK” Mr Shmatovich.