TMK offers consent solicitation at 'going rate'

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TMK offers consent solicitation at 'going rate'

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Russian steel company TMK has launched a consent solicitation for its $500m 6.75% 2020s with the purpose of removing IPSCO Tubulars, its US based subsidiary, as a guarantor on the notes. An investor in London said that he expects bondholders to agree to the changes.

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