MOSCOW, Nov 24 (Reuters) - The board of Russia's largest oil producer Rosneft has approved a bond program worth 1.071 trillion roubles ($16.55 billion) for 10 years, the company said on Thursday.
Rosneft said its subsidiaries may buy its bonds as part of the program and that the bonds will be sold in separate issues.
It also said it would use the bonds to finance foreign projects, new producing assets and to refinance previous loans and bond issues.
(Reporting by Katya Golubkova; Writing by Denis Pinchuk; Editing by Alexander Winning)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you