Russia’s Rosneft board approves 1 tln rbl exchange bond program

MOSCOW, Nov 24 (PRIME) -- The board of directors of Russian oil major Rosneft has approved an exchange bond program worth up to 1.071 trillion rubles, the company said in a statement Thursday.

The company will use the money for foreign and new production projects, as well as to refinance its debts.

The bonds will be offered publicly and have a maturity of 10 years.

(64.0087 rubles – U.S. $1)

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