Rosneft opens books on dual tranche dollar bonds

Thu Nov 29, 2012 4:12am EST

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LONDON, Nov 29 (IFR) - Rosneft (Baa1/BBB-/BBB) has set price guidance of 3.50% area for a March 2017 note and 4.50% area for a March 2022 tranche.

The 144a/Reg S bondS will be of benchmark size, expected to be for about USD2-3bn. Global co-ordinators are Barclays, Citigroup, JP Morgan and VTB Capital.

The bond is expected to price later today.

(Reporting by Sudip Roy; editing by Alex Chambers)