Moscow Exchange registers 1.3 tln rbl bond program of Rosneft

MOSCOW, Nov 15 (PRIME) -- The Moscow Exchange has registered a 1.3 trillion ruble exchange bond program of Russian oil major Rosneft, the bourse said in a statement on Wednesday.

Rosneft’s board of directors approved the program, which envisages bonds with maturity of up to 10 years, in October.

The company plans to use the money to finance foreign projects, cover capital expenditures, and refinance loans and bonds.

(59.6207 rubles – U.S. $1)

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