ChTPZ Goes Through with 3d Bond Issue

24 March 2017 (13:28)

UrBC, Yekaterinburg, March 24, 2017. Chelyabinsk Tube Rolling Plant (ChTPZ) completed the procedures related to the release of their third issue of 001P 03 bonds (overall face value: 5bn RUR), the company press service reports.

‘The new bond issue proved interesting to all investor groups: banks, private individuals, and management and investment companies. This impressive demand resulted in that the designated coupon yield got reconsidered twice (within the 9.70% to 9.90% a year range) and was finally set at 9.70% a year (10.06% by the time the bonds get redeemed, +197 points on the federal loan bonds curve), the press service says.

The bonds are to be in circulation for seven years, with coupon yields paid out every quarter. The face value is set at 1,000 RUR per bond.

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