Pipe Metallurgical Works OAO — TMK

24 Jul 2008

Rating: BB-
Amount: $600m (increased from $400m on Wednesday 23 July)
Maturity: 29 July 2011
Issue/fixed re-offer price: 100.00
Coupon: 10%
Launched: Friday 18 July
Payment date: 29 July
Joint books: ABN Amro, Barclays Capital, ING, Natixis, UBS

Bookrunners’ comment:

Some larger institutional investors were hoping that Severstal’s dollar deal — a larger, more highly rated ...

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