Rosneft borrowing totals $32 bln year-to-date
MOSCOW. April 18 (Interfax) - Rosneft owed 963 billion rubles on long-term loans and other borrowings as of the end of 2013, and its capital totaled 2.3 trillion rubles, the oil giant said in the prospectus to an LPN issue.
So far this year it has borrowed another $31 billion and 30 billion rubles, the prospectus says.
Most of the proceeds were used to finance acquisition of TNK-BP. Rosneft financed the purchase with $37 billion borrowed from Russian and international banks and with internal sources.
In December 2012, Rosneft concluded two loan agreements with a group of international banks totaling $16.8 billion, for use in purchasing BP's 50% stake in TNK-BP. In February 2013 it concluded a loan agreement with international banks for $14.2 billion to purchase AAR's 50% stake.
A loan of about $6 billion (185 billion rubles) that Rosneft raised from Gazprombank in mid-March had already been repaid as of April 1.