Interpipe has redeemed bonds totaling $300 million

They matured on May 13

The Ukrainian industrial company Interpipe has successfully redeemed its own bonds totaling $300 million, which were due in 2026. This was announced in a company statement.

The issuer, Interpipe Holdings Plc, made the redemption payment.

Interpipe’s Eurobonds, with a coupon rate of 8.375% per annum (paid semi-annually), were successfully placed in May 2021. The issuance was organized by Goldman Sachs International and J.P. Morgan.

The securities were listed on the Frankfurt and Luxembourg stock exchanges. Their maturity date is May 13, 2026.

As a reminder, in the first quarter, Interpipe transferred approximately UAH 1.2 billion to budgets at all levels and extrabudgetary funds. Specifically, payments to the state budget amounted to about UAH 889 million, to local budgets — UAH 182 million, and the company paid another UAH 159 million as a single social contribution (SSC).

As previously reported by GMK Center, Interpipe has resumed pipe production at its Romanian plant, Interpipe Roman. The goal is to launch all three pipe rolling mills with which the plant is equipped. At the same time, the company does not intend to relocate capacity or reduce production volumes at its Ukrainian plants in favor of Interpipe Roman.