Friday, December 19, 2014   

Russia's Rosneft considers US$66b debt issuance
(03-18 16:47)

Russia's leading oil producer Rosneft, which this week took a 13 percent stake in Italy’s Pirelli, is considering offering 2.4 trillion roubles (US$66.2 billion) in rouble-denominated bonds to finance debt, a report said.
The Kommersant business daily said the state-controlled company was “discussing the possibility'' of launching the unprecedented high-volume bond offering if the rouble comes under further market pressure, which would make it more expensive to pay back its dollar-denominated debt.
Kommersant said that Rosneft's total debt amounted to 1.9 trillion roubles at the end of 2013 partly due to its acquisition of TNK-BP from BP and a consortium of Russian billionaires, which meant it took on US$16.8 billion in syndicated loans.—AFP
   
Other Business breaking news:
UK retail sales surge thanks to 'Black Friday' (12-18 18:31)
Cautious Japanese firms holding record assets: BoJ (12-18 17:24)
German business confidence grows in December (12-18 17:23)
Swiss central bank introduces negative interest rate (12-18 17:03)
Hang Seng finishes higher, Shanghai down (12-18 16:35)
Ruble rallies in early trading on day of Putin press conference (12-18 15:42)
Nikkei soars on weaker yen (12-18 14:59)
Hang Seng up by lunch (12-18 12:35)
Fed says can be 'patient' on rate rise (12-18 12:11)
China's home prices continue to cool, declines narrowing (12-18 12:09)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.