February 08, 2008 |
|TMK plans to place max. $600m of Eurobonds, according to the announcement of Taganrog Metallurgical Plant (part of TMK Group).|
The board of directors of OAO Tagmet approved of providing guarantees for TMK Capital S.A. in terms of OAO TMK’s obligations under the loan agreement. OAO TMK will be granted a loan by TMK Capital S.A. funded by the proceeds of a Eurobond issue amounting to max. $600m. The expected maturity of the issue is no more than 60 months, the expected rate is up to 10.5% p.a.
|Full company name||PJSC TMK|
|Country of risk||Russia|
|Country of registration||Russia|