Interpipe to partially redeem 2024 eurobonds for $74.8 mln
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The Interpipe Pipe and Wheel Company announced its decision to carry out another partial redemption of eurobonds 2024 – this time in the amount of $74.82 million.
As reported in the stock exchange statement of Interpipe Holdings Plc last week, the issuer shall redeem its notes on December 29 this year.
Interpipe CEO Fadi Hraibi at a conference this week announced that the company intends to continue buying back its 2024 eurobonds. "Various instruments are also being considered for attracting financing for Capex financing: issuing eurobonds, attracting project financing and attracting bank financing," he said.
At the same time, Hraibi said that "there are no immediate decisions on [new] eurobonds."