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NK Rosneft' OAO Approves $9.4 Billion Domestic Bonds Plan-Reuters


Friday, 18 Oct 2013 02:26am EDT 

Reuters reported that the Board of NK Rosneft' OAO (Rosneft) has approved a plan to issue RUB 300 billion ($9.4 billion) in domestic bonds with 10-year maturity, it said in a regulatory filing. Rosneft, which will sell new domestic bonds in several tranches worth RUB 15 billion, RUB 20 billion and RUB 30 billion, did not specify the purpose of the issuance. Earlier this year the state-controlled firm acquired its domestic rival TNK-BP in a $55-billion deal, using loans, Eurobonds and other financing tools to support the purchase and continues to make other acquisitions.