Chelyabinsk Tube Rolling Plant (ChTPZ) fulfilled its obligations relating to the 01 Series exchange-traded debentures by redeeming 1.4bn RUR worth of bonds with the help of its own funds and by paying the coupon interest due in full, the company’s press service reports.

62.33 RUR, or a 12.5% annual interest rate, was paid per each 1,000-ruble inconvertible bearer bond.

‘The company always has met and keeps on meeting its creditor obligations. So redeeming the bonds within the offer is a routine event for us,’ says the plant’s Director-General Yaroslav Zhdan.