4 Feb 2010 10:42

TMK placing $350 mln in convertible bonds

MOSCOW. Feb 4 (Interfax) - Russia's TMK , one of the world's top-three oil and gas industry pipe producers, is starting to place $350 million in convertible bonds maturing in 2015, the company said in a statement.

Proceeds form the placing will be used to refinance short-term debt.