For individuals: Internet bank
Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Vneshtorgbank and URALSIB fully placed the third issue of RUR 5 billion 5-year bonds of the Tube Metallurgic Company

22 February 2006

On February 21, 2006, a placement was made of the third issue of RUR 5 billion bonds of the Tube Metallurgic Company (TMK).

The bonds were placed on the MICEX trading platform through an open subscription with a tender for the first coupon rate.

There were 130 bids by investors, with the total volume reaching RUR 7 745,505 million. First coupon rate was offered by investors in the range of 7.70% to 8.15% p.a., with most of the bids being within 7.9% to 8.0% p.a.

The first coupon rate as set by the Issuer amounted to 7.95% p.a. (which is RUR 39.64 per a bond), the rate of the second to fourth coupons are equal to the first coupon rate, the remaining coupon rates are to be defined by the Issuer. Under the issue terms, the Issuer may exercise a put option (offer) at 100% par value in two years as from the placement.

Effective yield of the bonds to the two-year put option is 8.11% p.a., which is in line with the yield estimated by the arrangers before the placement. Such success resulted from a favorable market environment, impressive membership of the syndication and high credit quality of the TMK.

The whole issue was fully placed at the commencement day.

Vneshtorgbank and URALSIB Financial Corporation are arrangers and underwriters of the issue.

Co-underwriters of the issue are Dresdner Bank, Promstroybank, Bank of Khanty-Mansiysk, International Moscow Bank, SOYUZ Bank, Evrofinance Mosnarbank, IMPEXBANK, Capital Investment Company, Megatrustoil financial company, Raiffeisenbank Austria, Rosbank, CentroCredit Bank and Russian Regional Development Bank.

The paying agent of the issue is URALSIB Bank, a depository of the issue is the National Depository Center.

The volume of TMK bond issue is RUR 5 billion. The issue was registered with the Federal Financial Markets Service on November 29, 2005, under State Registration No. 4-03-29031-N. The issue matures in 5 years and have semi-annual coupons.

TMK plans to channel the proceeds from the bond issue placement into restructuring its loan portfolio and financing its investment program.

Further information about the issue structure and financial position of the Issuer can be found in issue documents and information memorandum placed on the web-sites of the Issuer (, Vneshtorgbank joint stock company ( and Uralsib Financial Corporation (

Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....