26 Jan 2010 19:15

TNK-BP may place up to $1 bln in Eurobonds - source

MOSCOW. Jan 26 (Interfax) - TNK-BP may place up to $1 billion in Eurobonds, a source in financial circles told Interfax.

The company might place five-year or 10-year bonds, he said.

A TNK-BP official said during a conference call on Tuesday that the company might place 10-year bonds.

It was reported earlier that TNK-BP began a Eurobond road show on January 22. Royal Bank of Scotland, Barclays Capital and Calyon have been appointed the organizers for the issue. The company plans to place dollar-denominated bonds.