Source: Rosneft raises bond placement price to 100.25–100.35%

MOSCOW, Dec 18 (PRIME) -- Russian oil major Rosneft has raised the price of a secondary market placement of 10 billion rubles of exchange bonds of two series to 100.25–100.35%, a banking source told PRIME on Wednesday.

The new guidance corresponds to a 6.62–6.57% annual yield to the next offer in December 2021.

The initial placement price was 100% of the face value.

Rosneft placed two 10-year exchange bond issues worth 20 billion rubles each in December 2013 at a coupon of 6.65%.

Russian Regional Development Bank and brokerage company Region are the organizers.

(62.5326– U.S. $1)

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