March 29, 2018 / 9:58 AM / 8 months ago

Russia's Gazprom to pay back $10.4 billion of loans in 2018

FILE PHOTO - A general view shows the headquarters of Gazprom in Moscow, Russia, June 30, 2016. REUTERS/Maxim Shemetov/File Photo

MINSK (Reuters) - Russia’s gas giant Gazprom will repay 600 billion rubles ($10.40 billion) worth of outstanding loans in 2018, the company’s Chief Financial Officer Andrei Kruglov said on Thursday.

Kruglov also said Gazprom has no plans to issue bonds denominated in Japanese yen this year but will consider such an option in 2019.

($1 = 57.6707 rubles)

Reporting by Andrei Makhovsky in Minsk; writing by Andrey Ostroukh in Moscow; editing by Jason Neely

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