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ChelPipe sets coupon guidance at 9.85%

February 08, 2017 | Prime

Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe) has set a coupon guidance for its 5 billion ruble 5-year exchange bond to 9.85% annually, which corresponds to a 10.09% annual yield to maturity, a banking source told PRIME on Wednesday.

The initial first coupon guidance amounted to 9.95–10.2%, which corresponds to a 10.2–10.46% annual yield to maturity. During book building it was cut to 9.8–9.85%, which corresponds to a 10.04–10.09% annual yield to maturity.

Bids are collected on Wednesday. The technical placement is preliminarily scheduled for February 16. VTB Capital, Gazprombank, Raiffeisenbank, and Rosbank act as organizers.

Issue: Chelpipe, 001P-02

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingRussia02/10/20225,000,000,000 RUB-/-/-

Company: Chelpipe

Full company namePJSC Chelpipe
Country of riskRussia
Country of registrationRussia
IndustryFerrous metals

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