February 08, 2017 |
|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
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||PJSC Chelpipe|
|Country of risk||Russia|
|Country of registration||Russia|