Central Bank sees no effects on financial market from Rosneft bond placement
MOSCOW. Dec 6 (Interfax) - Rosneft's 600 billion ruble bond placement which the company collected on Monday over the course of half an hour did not have an influence on the financial market, Central Bank deputy head Sergei Shvetsov said.
"In my opinion there was no effect [from the deal on the market], did you notice anything?" he said, responding to questions by journalists.
Shvetsov also does not see any possible long-term effects from the deal. "You know, if we could abstract away from the 'butterfly effect' [a term used to signify the potential future consequences of an insignificant event], it seems to me that we don't need to exaggerate the influence," he said.
The fact that the placement was announced not long before a short opening of the bid book does not mean that the deal was of a non-market nature, Shvetsov said.
"Who told you that there was no preliminary marketing for the deal? Half an hour. There is nothing to talk about," the Central Bank deputy head said.
If Rosneft's bonds fall under the Lombard list, the Central Bank will refinance the credit obligations with a security on that instrument, he said.
The organizer of the Rosneft bond issue was VTB Capital . The yeild of the first coupon was set at 10.1% per annum.