Rosneft goes for size: up to $3bn expected as old mandate gets upgrade
Rosneft is preparing to issue its first international bonds for more than a decade, in what could be the beginning of a period of dominance for the company in the EM bond markets. Late on Thursday, EuroWeek confirmed with an origination official mandated on the deal that the offering will have a size of $2bn-$3bn, writes Francesca Young.
The bond had been mandated before any plans were put in place for Rosnefts $55bn takeover of TNK-BP, and so was not originally intended to be part of the refinancing of the $26bn bridge loan that has since been extended to Rosneft for the deal.
Barclays, Citi, JP
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