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Rosneft’s bond placement worth $9.4 bln was not transparent — Russian Central Bank сhief

February 03, 2015, 20:08 UTC+3 MOSCOW
Rosneft deal was non-transparent, unclear to the market and was an additional factor of volatility in the market, Russian Central Bank Chief Elvira Nabiullina says
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© ITAR-TASS/Alexey Nikolsky

MOSCOW, February 3. /TASS/. Russian Central Bank Chief Elvira Nabiullina said on Tuesday that Rosneft's bond placement worth 625 billion rubles ($9.4 billion) in December was non-transparent and triggered volatility on the markets.

"I think that Rosneft deal was non-transparent, unclear to the market and was an additional factor of volatility in the market. But not the main one," she told Forbes magazine on Tuesday.

Rosneft, Russia’s largest oil producer placed bonds worth 625 billion rubles on December 11, 2014. Earlier its board of directors decided to place 12 bond issues worth 800 billion rubles ($12 billion). The Russian national currency experienced highest volatility in mid-December, which made the Bank of Russia raise key interest rate by 6.5 percentage points to 17%.

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