26 Apr 2010 19:41

Pipe maker TMK says Eurobonds possible in 2010, mulling SPO

MOSCOW. April 26 (Interfax) - Russia's TMK , one of the world's top-three oil and gas industry pipe producers, could offer Eurobonds in 2010 and is mulling an SPO.

"We're not ruling the Eurobond market out, and we're thinking of an SPO, but we don't have any specific plans. We're looking at the market, and we might hold one next year," Vladimir Shmatovich, the company's deputy general director for strategy and development, said during a conference call.

TMK paid off $300 million in three-year Eurobonds in September, using a VTB loan.

The company has two Eurobond issues outstanding: $600 million maturing in 2011 and $412 million due in 2015.