28 May 2004 11:13
Seversky Pipe Works settles the last coupon, redeems 1st bond issue.
Pipe Metal Co.'s (TMK) member Seversky Pipe Works (Sverdlov Region) paid May 27 the 8th coupon and redeemed the first bond issue worth 600 mln rbl. 623.93 mln rbl went to the investors overall, the issuer said. The coupon rate stood at 16% on year, 39.89 rbl were paid per bond.
The bonded loan was placed in May of 2002. It consisted of 600,000 bonds, 1,000 rbl par each. The bonds had 8 coupons.
MDM Bank was the arranger and payment agent.
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