TMK tempts the US with its first 144a

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TMK tempts the US with its first 144a

Russian steel pipe company TMK priced its first 144A bond on Monday — $500m 6.75% 2020s — picking up a $1bn book and interest from the US amounting to around 36% of the deal. The note was priced at par and was trading slightly weaker on Tuesday morning, at 99.75 bid.

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