London High Court rules Ukraine must repay $3 bln to RussiaBusiness & Economy March 29, 18:12
Russian energy minister pegs oil price at $70-100 as profitable for Arctic productionBusiness & Economy March 29, 18:02
Russian opera star Hvorostovsky announces two concerts in Toronto and DublinSociety & Culture March 29, 17:44
Russia's major natural gas producer says available reserves to suffice for over 20 yearsBusiness & Economy March 29, 17:38
Putin arrives in Franz Josef Land to size up Arctic environmental cleanupSociety & Culture March 29, 17:32
First in the world ice-class gas tanker comes to Arctic portBusiness & Economy March 29, 17:11
Eurovision broadcaster eyeing ban on Kiev from song contest over ‘unacceptable behavior’World March 29, 16:45
Diplomat slams calls to boycott 2018 FIFA World Cup as ‘campaign to contain Russia’Sport March 29, 16:34
How Russians conquered the Arctic in vintage photosBusiness & Economy March 29, 16:00
MOSCOW, November 24. /TASS/. The Board of Directors of Russian state-owned oil company Rosneft has approved the program of bonds worth 1.071 trillion rubles ($16.5 bln) at its meeting, the company said in a statement.
"This program is a framework tool, which allows the company to place exchange bonds upon specific corporate decisions," an official with the company told TASS.
The amount of the program is defined by the requirements of the company’s charter.
Under the program bonds will be placed as separate issues, taking into account the schedule of investments and refinancing of planned repayments of current liabilities. This will not affect the total amount of the company’s debt. The Board of Directors also decided that the company's subsidiaries will be able to enter transactions for the purchase of bonds, which are issued under the program.