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Interpipe plans to raise $ 300 million through a new issue of Eurobonds

Ukraine / Business and Finance
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Interpipe plans to raise $ 300 million through a new issue of Eurobonds

The Ukrainian industrial group of companies "Interpipe" intends to issue new Eurobonds for $ 300 million. This is stated in the message of PJSC Interpipe Nizhnedneprovsk Pipe-Rolling Plant, published on Thursday in the NKSSM disclosure system, regarding the approval of significant transactions by the supervisory board of the enterprise on April 7 this year.

According to the document, the supervisory board agreed to the company to make a major transaction to provide surety and, accordingly, agreed to conclude a separate suretyship agreement (individual suretyship deed) between the company as a surety and Madison Pacific Trust Limited (Hong Kong) as a trustee the bond manager.

The document contains a list of related companies that will be responsible for the obligations of the bonds planned for the issue.

It is assumed that the holding company of Interpipe, Interpipe Holdings Plc. will issue and place on international capital markets bonds for a total principal amount not exceeding $ 300 million with an interest rate not exceeding 8% per annum and maturity not exceeding five years.

Previously, the management of Interpipe has already announced that it is considering the possibility of issuing new Eurobonds.

Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company's products are supplied to more than 80 countries of the world through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe. The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.

МЕТАЛЛУРГПРОМ
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