Tubacex, who already has a €150 million Commercial Paper Program listed in MARF, has set up €100 million new bond program for long-term funding via Debt Capital Markets.

The bonds under this new programme could be issued both in Euro and Dollars with a €100,000 minimum denomination. Coupons can be either fixed or variable, and their maturity may reach up to 10 years.

Tubacex is a world manufacturing leader, focused on seamless stainless-steel tubular products and high alloys for the energy sector, oil, gas, petrochemical, chemistry and aeronautical and aerospace industries with production plants in Spain, Austria, Italy, the United States, India, Thailand, Dubai, Saudi Arabia and Norway and commercial networks in 38 countries.

It has been listed on the Spanish Stock Exchange since 1970.

Source: BME (see the entire post)