Ukraine's Interpipe sees no IPO or eurobond for 3-4 years - CEO

September 24, 2004 | Reuters

Ukraine's largest steel pipe producer, Interpipe, has no plans to sell shares in the company for the next three to four years because it feels it cannot be properly valued at present, the firms' chief executive officer said on Friday.

"I do not think our businesses can be valued fairly now because of the political risk and transparency issues, thus issuing an IPO (initial public offer of shares) would be too expensive," Igor Yaroslavtsev told Reuters on the sidelines of an investor conference in London.

Yaroslavtsev said the firm was looking to banks for funding rather than issuing stock or debt.

"Currently our leverage is very low and we are talking to Ukranian banks as well as Russian banks and talking seriously with Western financial institutions," he said.

Asked if Interpipe would consider issuing a eurobond, Yaroslatsev said: "What we found out was that it (eurobond) was more expensive than borrowing because of transparency and country risks."

Similar news:

• Cbonds Global Monthly Newsletter Issue Statistic and League Tables for July 2017
• Cbonds Global Monthly Newsletter Issue Statistic and League Tables for June 2017
• PwC says Russian firms Jan–May Eurobond borrowing equals 2016
• Cbonds Global Monthly Newsletter Issue Statistic and League Tables for May 2017
• Cbonds Global Monthly Newsletter Issue Statistic and League Tables for April 2017