Khartsyzk Tube To Issue USD 19.8 Worth Of Corporate Bonds.

According to Khartsyzk’s (HRTR: SELL) CEO, Andriy Shyshatsky, the proceeds from the issue will be used to finance a technical overhaul for the plant. Khartsyzk Tube also plans to draw on debt markets in the future to finance its production plans to participate in the construction of the North European Gas Pipeline and the East Siberia ?Pacific Ocean project in Russia.