London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

NKNKh plans to place exchange-traded bonds for Rb17 bn

September 24/2021

MOSCOW (MRC) - Nizhnekamskneftekhim (NKNKh, part of TAIF Group) plans to place exchange-traded bonds totaling Rb17.2 bn, follows from the company's message.

The placement of Rb17.2 mln bonds with a par value of Rb1,000 is scheduled to begin on 22 September. The company collected offers from potential buyers on Thursday. The maturity of the securities is 7 years.

The loan is planned to be attracted under the program of exchange-traded bonds with a total volume of Rb40 bn rubles, which Nizhnekamskneftekhim approved back in 2018. The first coupon rate of the bonds is set at 8.2% per annum.

Currently, there is one issue of NKNK's exchange-traded bonds in the amount of Rb15 bn due in 2028. The funds of the second issue of exchange-traded bonds, as well as of the first issue, will be used to finance the investment program.

Earlier it was reported that Nizhnekamskneftekhim (NKNKh, part of TAIF Group) predicts an increase in sales of rubbers and a decrease in sales of plastics in physical terms compared to last year.

As per ICIS-MRC Price report, Nizhnekamskneftekhim (NKNKh, part of TAIF Group) shut its polyethylene (PE) production capacities for a scheduled turnaround on 17 September. According to the producer"s clients, producer started the scheduled shutdown of linear low density polyethylene (LLDPE) on 17 September. The shutdown will be short and will last for about 10 days. As it was reported earlier, Nizhnekamskneftekhim shut its ethylene production for scheduled turnaround from 14 September to 16 September.

Nizhnekamskneftekhim is one of the largest petrochemical companies in Eastern Europe, occupying a leading position among domestic producers of synthetic rubbers, plastics and ethylene. Part of the TAIF group of companies, Tatarstan. The nomenclature of manufactured products includes more than 120 items. The products of the joint-stock company are exported to 50 countries in Europe, America and Southeast Asia. The share of exports in the total volume of production is about 50%.
Author:Anna Larionova
Tags:PP, PS, PE, ethylene, Taif, Kazan, Nizhnekamskneftekhim, Russia.
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe