Trubnaya Metallurgicheskaya Kompaniya OAO to Raise RUB 20 Billion with Three Bond Issues-Interfax

Thursday, 22 Aug 2013 11:47pm EDT 

Interfax reported that the Board of Directors of Trubnaya Metallurgicheskaya Kompaniya OAO (TMK) has decided to place exchange-traded bond series BO-05 - BO-07 totaling RUB 20 billion, the Company said. Bond series BO-05 and BO-06 will total RUB 5 billion each and series BO-07 will total RUB 10 billion. The ten-year bonds with face value of RUB 1,000 each will be placed in a public offering. The bonds will have an early redemption option at the request of bondholders or the discretion of the issuer. TMK's first issue of exchange-trade bonds, totaling RUB 5 billion, is now in circulation and matures on October 22, 2013. Three-year bond series BO-02 - BO-04, totaling RUB 25 billion have not been placed yet. 

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10:46am EDT