ข่าวประชาสัมพันธ์การเงิน/หลักทรัพย์

Seamless Steel Tube Maker Vallourec’s Proposed EUR300 Mil. Unsecured Bond Rated ‘B’ With ‘3’ Recovery Rating

          PARIS (S&P Global Ratings) April 9, 2018--S&P Global Ratings said today that it assigned its 'B' issue rating to the new EUR300 million unsecured bond due 2023 to be issued by France-based seamless steel tube producer Vallourec (B/Negative/B).
          The '3' recovery rating on the proposed issue reflects our expectation of about 50% recovery in the event of default. 
          We understand that the proceeds of the new issuance will be used to repay a portion of Vallourec's existing EUR400 million bond when it matures in August 2019.