ChTPZ Goes Through With 3d Bond Issue

UrBC, Yekaterinburg, June 15, 2017. Chelyabinsk Tube Rolling Plant (ChTPZ) went through with its third 001P 04 bond issue (10bn RUR altogether), the company press service reports.

The plant is one of Russia’s leading pipe manufacturers and a supplier of integrated solutions for the oil and gas companies.

ChTPZ’s new bond issue attracted all kinds of investors: banks, private individuals, and management and investment companies. Because of this impressive demand, the coupon interest rate was set at 8.95% a year (9.15% by the redemption date, 131 points on the federal loan bond yield curve).

Seventeen different bidders applied for 16bn RUR worth of bonds in the book-building process all in all.

The bonds are to remain in circulation for a decade, with a buy-back offer in four years’ time and a coupon yield paid every 180 days. The bonds’ face value stands at 1,000 RUR per bond.

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