Interpipe, the steel pipe and Wheel Company, successfully returned to international capital markets last week,
completing the placement of $300 million worth of Eurobonds, maturing in 2026. The coupon rate is 8.375% per annum. Fadi Hraibi, director general of the company, said that the bonds, now listed on the Luxembourg Stock Exchange: “Over the past years, we have undergone an impressive business transformation and achieved financial stability.” The breakdown of the investor base is: US – 43%; UK – 26%; and EU – 26%. Fitch gives the bonds a ‘B’ rating.