TMK Paid Off Eurobonds In The Amount Of US$231 Million

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January 2018 (ISIN: XS0585211591) in the total nominal value of US$ 231 million on January 29, 2018. The US$500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK Capital SA on January 27, 2011 to finance a loan to PAO TMK. Part of the issue in the amount of US$269 million was repurchased earlier under ...
02 February 2018., 14:56   comment

TMK Announces FY 2017 And 4Q 2017 Operational Results

The following contains forward looking statements concerning future events. These forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the full year 2017 and the fourth quarter of 2017. FY 2017 Highlights - In 2017, TMK shipped a total of 3,806 thousand tonnes of pipe, up ...
26 January 2018., 15:13   comment

TMK highly appreciated advantages of Metalloinvest’s HBI usage

Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (part of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest's steel production technology using direct reduced iron (DRI) as the primary raw material. Using DRI (chemically identical to HBI), will allow OEMK ...
27 October 2017., 13:04   comment