Chelyabinsk Pipe Works has successfully placed an initial issue of eurobonds valued at $300 million with the rate of 4.5% and maturity in September 2024.
UK investors accounted for 30%, Russian – 28%, continental Europe – 23%, Asian – 14% and US – 5%.
Some 52% of the issue was purchased by asset managing companies, funds and insurance companies, while 48% – by banks and private banking clients.
The ChTPZ group also places ruble bonds on the Moscow Stock Exchange. At present there are 4 issues with the combined value of 25 billion rubles. (Ukrainian metal)