ChTPZ Goes Through with 2nd Bond Issue

UrBC, Yekaterinburg, February 10, 2017. Chelyabinsk Pipe Rolling Plant (ChTPZ) reports company is about to go through with their second 001P 02 bond issue (5bn RUR all in all).

This is a typically structured bond issue with a 182-day coupon period and the redemption deadline at the end of the circulation period. The bonds’ face value has been set at 1,000 RUR per bond. The bonds are to be in circulation for five years.

The plant’s new issue draw quite a few investors’ attention, including banks, management companies, insurers, investment businesses, and private individuals. This obvious demand has meant the originally planned coupon yield range (9.95% to 10.2%) could be reduced thrice and thus ended up at 9.85% a year (10.09% by the time the bonds will have been redeemed, or 200 points on the federal loan bond curve).

Forty-five bidders submitted their book-building bids altogether, which amounted to over 18bn RUR.


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