The Chelyabinsk Pipe Plant has opened a book of inquiries for 7-year bonds in the volume of 5 billion rubles. The demand on behalf of 25 companies exceeded 8 billion rubles. According to the company statement, the bonds have an interest rate of 9.7%. The bonds will be placed on March 30, at the Moscow…
In 2017 the Chelyabinsk Pipe Works plans to retain its last year position. “Our strategic goal is to increase exports under the growing competition on the local market in order to diversify regional trade”, the group CEO Alexander Grubman said. In 2017 ChTPZ intends to increase its share on the market by 3.9% by boosting…
In 2016 Chelaybinsk Pipe Works and Pervouralsk Pipe Works shipped 1.713 million tons of pipes to customers, down by 15% YoY. The decrease is explained with the change in delivery schedule to Gazprom and the drop in demand. The largest decrease was in the large diameter pipes segment (27%). At the same time ChTPZ was…
Chelyabinsk Pipe Plant (ChelPipe) has announces the successful conclusion of book-building for the company’s second issue of exchange-traded bonds (BO series 001P-02) in a total nominal volume of 5 billion rubles, placed under the program. The exchange-traded bonds are structured according to the classical scheme with a 182-day coupon period and bullet repayment at the…
Chelyabinsk Pipe Plant (ChelPipe) has announced early payment of the syndicated loans totaling 80 billion rubles obtained in 2012. The loans were refinanced with funds obtained under credit arrangements signed with VTB Bank, Gazprombank and Sberbank in December 2016. The new loans have been acquired on more favorable terms, which helped the company cut its…
Chelyabinsk Pipe Plant has signed a loan agreement with Sberbank, VTB Bank and Gazprombank amounting to 80 billion rubles. The maturity of the loans is up to 7 years. The funds will be spent on refinancing the current debt under the syndicated loan obtained from 13 banks in 2012. This will facilitate an early repayment…