TMK completes placement of bonds for 5 billion roubles

TMK Pipes has fully placed 10-year bonds of the BO-05 series in the volume of 5 billion roubles, the company reports. Earlier it was informed that the company had set the first coupon rate at 13% per annum, the rate of the 2nd-6th coupons is equal to the first coupon rate. TMK collected applications for its bonds on April 6. According to sources in banking community, the issuer announced the rate of the first coupon in the range of 12.75-13% per annum. The final rate is 13%. Market participants explained the choice by the fact that investors have been approaching credit risks with more precaution lately.