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TNK-BP to run roadshow this month

MOSCOW
Mon Jul 6, 2009 3:22pm EDT

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MOSCOW (Reuters) - Russian energy company TNK-BP (TNBPI.RTS), half owned by oil major BP (BP.L), plans to meet investors later this month to update them on its current position, a banking source told Reuters on Monday.

"It is going to be an update for investors, a non-deal roadshow. And the company will decide on a Eurobond issue later," the source in a major Western bank said.

TNK-BP has six outstanding Eurobond issues totalling $4.5 billion (2.7 billion pounds) with maturities ranging from 2011 to 2018.

The company said earlier it will decide on its next Eurobond issue by the end of the year.

(Reporting by Dmitry Sergeyev; Editing by David Holmes)


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