Interpipe Eurobond Road Show Kicks Off July 11

Interfax reported that Interpipe will conduct a road show for its upcoming USD-denominated Eurobonds from July 11 to July 17, with stops in Switzerland, Germany, Britain, Singapore and Hong Kong. ABN Amro and ING are arranging the offer. The notes will be placed under Reg S and be listed on the Luxembourg Stock Exchange. Last week Fitch Ratings assigned the issue of notes an expected senior unsecured B+ and recovery RR4 ratings. Interpipe’s B+ issuer default rating with a stable outlook and short-term issuer default B rating were affirmed. Interpipe is owned by Ukrainian billionaire Viktor Pinchuk and includes Nyzhnyodniprovsky Pipe (NITR: U/R) and Novomoskovsk Pipe (NVTR: U/R).