24.04.2020
TMK issues 001P-01 series bonds through a public offering
Inside information: This announcement does not contain inside information.
Forward-looking statements: The following contains forward-looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties.
PAO TMK (“TMK” or “the Group”), one of the world’s leading producers of tubular products for the oil and gas industry, announces the placement of bonds in the amount of 10 billion roubles with a maturity period of two years on the Moscow Exchange on April 23, 2020.
The bonds are placed under the Bond programme series 001Р. The coupon rate was set at 8.35% pa and the coupons will be paid semi-annually. The bonds have been assigned the credit rating ruA by the rating agency Expert RA.
The placement was arranged by VTB Capital, Gazprombank and CREDIT BANK OF MOSCOW. CREDIT BANK OF MOSCOW acted as the placement agent.
Igor Korytko, CEO of TMK, said:
“TMK is constantly working to optimise its debt portfolio structure, including by extending maturities and reducing debt servicing costs. We were pleased to see the demand for our bonds from investors and, given the challenging global economic environment, we are satisfied with the results of the placement.”
