Issue information:

• Issuer, issue number: TMK, 2011 (LPN)
• Income calculation:
Date of trades
Price %
• Type of bond: Eurobonds-LPN
• Issue status:outstanding
• Par, currency of issue:USD, 100000
• Amount:600 000 000
• ISIN:XS0373732063
• Start of placement:Jul 18 2008
• End of placement:Jul 23 2008
• Issue price:100
• Coupon:10%
• Coupon frequency:2 time(s) per year
• Settlement date:Jul 29 2008
• Maturity date:Jul 29 2011
• Arrangers:ABN, Barclays, ING, UBS, Natixis, Nomura
• Trading floor, listing category: London S.E.
• Issue ratings: (rating history)
Standard&Poor's BB- Int. Scale (foreign curr.) 08/20/2006
• Additional information:SPV: TMK Capital S.A.
Ratings Âà3/ÂÂ-/
TAP 200 mln July 23 2008
• Investment banks: Lead manager(s):
Barclays Capital
ING Wholesale Banking London
RBS
UBS

Co-lead manager(s):
Natixis
Nomura Securities

Borrower:

• Issuer: TMK
• Full issuer name: joint stock company TMK
• Country:Russia
• Web site:http://www.tmk-group.ru/
•Other issues of the issuer:  TMK, 3 - Domestic bonds
 TMK, 2 - Domestic bonds
 TMK, 1 - Domestic bonds
 TMK, 2009 (LPN) - Eurobonds
• Issuer profile:Trubnaya Metallurgicheskaya (Pipe Metallurgical) Company controlls and manages plants of pipe manufacturing industry such as Severski Trubniy Zavod, Volzhskiy Trubniy Zavod, Sinarskiy Trubniy Zavod, T ...
• Industry:Ferrous metals
Issuer ratings: » rating history

Standard&Poor's B+/Stable Int. Scale (foreign curr.) 10/07/2008
Standard&Poor's B+/Stable Int. Scale (loc. curr.) 10/07/2008
Standard&Poor's ruA+ National Scale (Russia) 10/07/2008
Moody's Ba3/Negative Int. Scale (foreign curr) 04/25/2008
Moody's Interfax Rating Agency Aa3.ru National Scale (Russia) 04/25/2008
National Rating Agency AA- National scale (Russia) 07/06/2007

Complete profile

Financial accounting:

RAS
2008 1Q. 2Q. 3Q. 4Q.
2007 1Q. 2Q. 3Q. 4Q.
2006 1Q. 2Q. 3Q. 4Q.
2005 1Q. 2Q. 3Q. 4Q.
2004 1Q. 2Q. 3Q. 4Q.

Quarterly FFMS Reports:

20081 Q.2 Q.3 Q.4 Q.
20071 Q.2 Q.3 Q.4 Q.
20061 Q.2 Q.3 Q.4 Q.
20051 Q.2 Q.3 Q.4 Q.
20041 Q.2 Q.3 Q.4 Q.

Trading info (OTC Market, Jan 07 2009):

Quote bid/offer: 55/58
YTM bid/offer: 43.41%/40.03%
Weighted average price (Jan 07 2009): 56.5
YTM: 41.69%

Trading info, archive >>>

Payment schedule:

Date Coupon, % p.a. Coupon size, USD Par redemption, USD Notes
29.01.2009 10 5000
29.07.2009 10 5000
29.01.2010 10 5000
29.07.2010 10 5000
29.01.2011 10 5000
29.07.2011 10 5000 100000

COMMENTS:

01.12.08  FK URALSIB: Short-duration eurobonds lose some appeal-Ruble bond market comes to life at month-end-CBR hikes interest rates again-Technical issuance grows in popularity. Comments:Derzhava,KD Avia, TMK,Sev.Kazna BONDS|MM|CURR
07.11.08  FK URALSIB: Ruble bond quotes slide-Some retail trading in the second and third tier-Are bank loan rates excessive?-Positive signal for credit markets.Comments:TMK,North-West Telecom,Kazanorgsintez BONDS|MM|CURR
22.07.08  Kapital IG: Kapital View - Fixed Income EURO|BONDS|MM|CURR
18.03.08 ING Wholesale Banking Russia:
CIS Fixed Income Daily
- Russia: Immune to global financial market instability?
- Moody’s revises TMK’s rating for downgrade
EURO|BONDS|MM|CURR
17.03.08 ING Wholesale Banking Russia:
CIS Fixed Income Daily
- RSB-7: new coupon in line with the market
- TMK buys new pipe assets for US$1.7bn
- CBR sees net capital outflows abating in March
EURO|BONDS|MM|CURR
30.01.08 ING Wholesale Banking Russia:
CIS Fixed Income Daily
- TMK 2007 operating results
- Kookmin bank is speculated to take a 30% stake in Bank CenterCredit
- Economy expanded 7.8% in 2007
EURO|BONDS|MM|CURR
22.11.07 ING Wholesale Banking Russia:
CIS Fixed Income Daily
- TMK is considering large bond offering in 2008
- Fitch puts Uralsib Leasing at B+/Stable
- Central Bank believes inflationary pressures have subsi
EURO|BONDS|MM|CURR
01.10.07 ING Wholesale Banking Russia:
CIS Fixed Income Daily
- TMK: revenue up but still limited by production capacities
- XXI Century NAV increases 188% to US$1.5bn
EURO|BONDS|MM|CURR
19.07.07 ING Wholesale Banking Russia: CIS Fixed Income Daily
- Moody’s lifts TMK to Ba3 with stable outlook
- Placement commentary: LSR-3
- June industrial output growth at three-year high
EURO|BONDS|MM|CURR
22.05.07 ING Wholesale Banking Russia:
TMK: no great need for debt
In 1Q07, gross foreign investment rose 180% (gross FDI up by 150%) relative to 1Q06
President Putin calls for petro-dollar investments into the Russ
EURO|BONDS



Bid prices

Ask prices

Company Date and time Bid price Yield Amount Terms Company Date and time Ask price Yield Amount Terms
Troika Dialog Investment Company 08.01.2009 55.0000 43.45 250000 Daily indicative quotes Troika Dialog Investment Company 08.01.2009 58.0000 40.07 250000 Daily indicative quotes