May 31, 2017 |
|Russian oil and gas pipe producer TMK has lowered the first coupon rate guidance for 10 billion ruble 10-year exchange bonds to 9.4–9.5% from 9.6–9.8%, a banking source told PRIME on Wednesday.|
The new coupon guidance corresponds to a 9.62–9.73% annual yield to a 4-year buyback offer.
The technical placement of the bonds is scheduled for Friday. Alfa-Bank, Aton, BCS Global Markets, VTB Capital, Sovcombank, and UniCredit Bank will act as organizers.
Issue: TMK, BO-07
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||PJSC TMK|
|Country of risk||Russia|
|Country of registration||Russia|