“Pipe Metallurgical Company” made full repayment of the Eurobond maturing in January 2018 (ISIN: XS0585211591). The nominal value of the redeemed bonds was $231 million, it said in a statement.
Eurobonds totaling $500 million with a maturity of 7 years and coupon of 7.75% was released by TMK Capital S. A. in January 2011 for the purpose of financing a loan of JSC “TMK”. A part of bonds in the amount of $269 million were repurchased from holders informed on the terms of the tender ofer and cancelled after the repurchase.
Currently in circulation is another issue of Eurobonds TMK with a volume of $500 million maturing in April 2020 with a coupon rate in the amount of 6.75% per annum.