Transneft to raise 35 bln rubles from exchange bonds in 2017
MOSCOW. Jan 13 (Interfax) - Transneft plans to raise 35 billion rubles from exchange bonds in 2017, First Vice President Maxim Grishanin told journalists.
"We have budgeted 35 billion rubles. We prefer to raise public debt," he said.
Transneft raised 94 billion rubles from placement of obligations in 2016, of which 77 billion rubles went to refinance the loan it received from China.
Currently debt on the loan from China is $7 billion.
The last time Transneft entered the local debt market was in October of last year, when it placed exchange-traded, BO-001P-04 series bonds for 15 billion rubles.
Currently Transneft has eight issues of exchange-traded bonds for 119 billion rubles in circulation and three issues of classic bonds for 135 billion rubles.