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Russia’s HMS Group buys back RUB 900 million of 10¾% bonds due 2015
By Susanna Moon
Chicago, Sept. 8 – HMS Group said it redeemed RUB 900 million of its RUB 3 billion of 10¾% bonds due February 2015.
The company purchased 900,000 bonds at par. The repurchase was financed by an unsecured non-revolving credit line up to three years, lent by Raiffeisenbank, also the purchase agent, at the end of August, according to a company press release.
The company issued the bonds in February 2012.
Moscow-based HMS Group is a pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors.
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