15 Oct 2009 10:24

Khanty-Mansiisk to place 6 bln rubles in bonds this month

MOSCOW. Oct 15 (Interfax) - Russia's hydrocarbon-rich Khanty-Mansiisk Autonomous District plans to place 6 billion rubles worth of bonds before November, the district's deputy prime minister, Kirill Morozov, told a press conference in Moscow.

Sberbank is arranging the offering.

It is thought the issue will be split into three tranches of 2 billion rubles each, maturing in two, three and four years.

The region is issuing the bonds to finance its budget deficit.