ChTPZ to Issue Bonds
28 October 2016 (13:00)
UrBC, Yekaterinburg, October 28, 2016. Chelyabinsk Tube Rolling Plant (ChTPZ) Board of Directors adopted a bond-issuing procedure for 001P Series bonds (50bn RUR or their foreign currency equivalent altogether), ChTPZ Group’s press service reports.
The bonds are to be in coruscation for fifteen years at the most.
The plant’s Deputy DG for Finance & Economy Valeriy Borissov says ‘the Russian bond market has been doing good so far and looks like a promising source of funding for the country’s businesses.’
‘The funds obtained through the upcoming bond issues will get directed to improving the company loans structure. The bond-issuing procedure is designed so as to allow for flexibility in the choice of bond amount, circulation/redemption period, and currency for each issue within the given upper limits and within the choice of currencies accepted at MICEX,’ the press service says.
The bonds are to be in coruscation for fifteen years at the most.
The plant’s Deputy DG for Finance & Economy Valeriy Borissov says ‘the Russian bond market has been doing good so far and looks like a promising source of funding for the country’s businesses.’
‘The funds obtained through the upcoming bond issues will get directed to improving the company loans structure. The bond-issuing procedure is designed so as to allow for flexibility in the choice of bond amount, circulation/redemption period, and currency for each issue within the given upper limits and within the choice of currencies accepted at MICEX,’ the press service says.
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