UPDATE: Source: Rosneft to offer 30 bln rbl bonds on Monday

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MOSCOW, Apr 1 (PRIME) -- Russian oil company Rosneft plans to collect bids for 30 billion rubles 10-year of exchange bonds on Monday, a banking source told PRIME.

The company will offer 10 billion rubles of series 002R-06 and 20 billion rubles of series 002R-07, the source said.

The coupon guidance was set at 8.7% annually, which corresponds to an 8.99% annual yield to 5-year put. The issues carry quarterly coupons.

Rosneft will accept bids from noon till 1:00 p.m. Moscow time.

Russian Regional Development Bank will act as the organizer.

The technical placement of the bonds is scheduled for Friday.

(64.7347 rubles – U.S. $1)

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