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Monday, December 04, 2006

Russneft plans bond double

30 November 2006 - Upstream onLine - Russian producer Russneft plans to place Series 2 and 3 bond issues worth 7 billion roubles ($266.2 million) each in the third and fourth quarters of next year, an official from the issue organiser said today. Andrei Boguslavski, deputy head of Gazprombank strategic client services, told Reuters that the bonds would have maturities of three and five years respectively. Russneft currently has one outstanding domestic bond worth 7 billion roubles and maturing in December 2010

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