TNK-BP to run non-deal roadshow this month -source

Mon Jul 6, 2009 12:24pm EDT
 
[-] Text [+]

MOSCOW, July 6 (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 with maturities ranging from 2011 to 2018 <0#RUEUROSPZ=>.

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)

 

More News

FACTBOX-Five risks to watch east of the EU
Wednesday, 12 Aug 2009 07:13am EDT 
Putin pledges modern oil technology for Venezuela
Tuesday, 11 Aug 2009 12:29pm EDT 
Gazprom sells 15 bln rbl bonds on strong demand
Wednesday, 1 Jul 2009 03:43am EDT 
UPDATE 1-TNK-BP to decide on Eurobond by year-end
Tuesday, 30 Jun 2009 10:57am EDT 

Featured Broker sponsored link