15 Jun 2010 13:09

TMK to start placing shares for $412 mln in convertible bonds June 22

MOSCOW. June 15 (Interfax) - Russia's TMK , one of the world's top-three oil and gas industry pipe producers, will start to place 86,166,871 shares by public subscription as part of a $412-million convertible bond offering on June 22, TMK said in a statement.

The placing price is 133 rubles per share, par value 10 rubles each.

The placement closed on the tenth working day after its commencement or when the last share has been placed.

The convertible bond offering was registered at the end of April.