June 14, 2017 |
|Russia’s Chelyabinsk Pipe-Rolling Plant (Chelpipe) has placed 10 billion ruble 10-year exchange bonds with the coupon rate set at 8.95%, the company said in a statement on Wednesday.|
The coupon rate corresponds to a yield of 9.15% to a 4-year buyback offer.
Bids exceeded 16 billion rubles.
The initial coupon guidance stood at 9.00–9.25%.
The technical placement of the bonds is preliminarily scheduled for June 20.
The issue carries semiannual coupons.
BCS Global Markets, Raiffeisenbank, Rosbank, Renaissance Capital and Sovcombank acted as organizers.
Issue: Chelpipe, 001P-04
|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|