New Issue: Russia’s TMK prices $500 million seven-year senior loan notes at par

By Marisa Wong

Los Angeles, Feb. 6 – PAO TMK priced $500 million of seven-year fixed-rate senior loan participation notes at par, according to a notice.

J.P. Morgan Securities plc, Renaissance Capital, Alfa-Bank, BofA Securities, Gazprombank, Sova Capital, UBS Investment Bank and VTB Capital are the managers.

TMK is a steel pipe manufacturer based in Moscow.

Issuer:	PAO TMK
Issue:	Fixed-rate senior loan participation notes
Amount:	$500 million
Maturity:	Seven years
Managers:	J.P. Morgan Securities plc, Renaissance Capital, Alfa-Bank, BofA Securities, Gazprombank, Sova Capital, UBS Investment Bank and VTB Capital
Price:	Par
Announcement date:	Feb. 6
Listing:	Euronext Dublin

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