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TMK redeems $11.5 million of 5.25% convertible bonds due 2015
By Tali Rackner
Norfolk, Va., April 1 - TMK Bonds SA (OAO TMK) redeemed $11.5 million of its 5.25% convertible bonds due 2015 (ISIN: XS0484654040), according to a filing with the London Stock Exchange.
Following the Monday transaction, $401 million remains outstanding under the notes.
TMK is a Moscow-based company is a pipe producer for the oil and gas industry.
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