February 09, 2017 |
|Demand for 5 billion ruble 5-year exchange bonds of Russia’s Chelyabinsk Pipe-Rolling Plant (Chelpipe) with a 10.09% annual yield to maturity exceeded 18 billion rubles, the company said in a statement on Thursday.|
The initial coupon guidance was set at 9.95–10.20% annually and was eventually reduced to 9.85% annually. The issue carries semiannual coupons.
Bids were collected on Wednesday, the company received 45 bids. The technical placement is preliminarily scheduled for February 16. VTB Capital, Gazprombank, Raiffeisenbank, and Rosbank act as organizers.
Issue: Chelpipe, 001P-02
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||PJSC Chelpipe|
|Country of risk||Russia|
|Country of registration||Russia|