New Issue: Russia’s TMK prices RUB 10 billion 8.35% two-year bonds

By Rebecca Melvin

New York, April 24 – PAO TMK announced that it has placed RUB 10 billion of 8.35% bonds due in two years, according to a notice.

VTB Capital, Gazprombank and Credit Bank of Moscow arranged the placement, which was made under the company’s series 001P bond program for listing on the Moscow Exchange.

TMK is a steel pipe manufacturer based in Moscow.

Issuer:	PAO TMK
Issue:	Bonds
Amount:	RUB 10 billion
Maturity:	Two years
Arrangers:	VTB Capital, Gazprombank and Credit Bank of Moscow
Coupon:	8.35%
Announcement date:	April 24
Listing:	Moscow Exchange

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