FSFM Registers Debut Bond Issue by Oil and Gas Company RussNeft OAO to Total Amount of 7 Billion Rubles

As the FSFM’s press-service informs the bonds shall be placed by public subscription.
In compliance with the decision announced, the issue shall consist of 7 million bonds at a nominal value of one thousand rubles per each. The public registration number of the issue is 4-01-39134-H.
As PRIME-TASS informed earlier the decision to place the bonds of 01 series to the amount of 7 billion rubles was taken by RussNeft’s Board of Directors in October. The placement was planned for the end of 2005.
The placement of the bonds will be done by public subscription at MMVB’s Federal Exchange. The placement price is set as equal to 100 percent from the nominal value.
The circulation time of the bonds is stipulated as 1820 days, or 5 years. Alfa Bank is a lead bank and pay agent of the issue.
NK RussNeft OAO, a vertically integrated oil holding, is one of the ten first-rate oil and gas companies of this country. The structure of Russneft features 25 producing, refining and transport companies, as well as a modern retail network of petrol stations in 13 regions of Russia and CIS.
RussNeft operates in West Siberia, Tomsk, Novosibirsk, Ulyanovsk, Penza, Samara, Bryansk and Leningrad regions, Krasnodarsky krai, Republics of Udmurtia, Komi and Byelorussia. Its headquarters are found in Moscow. The total recoverable reserves of RussNeft exceed 600 million tons. Its annual oil production has reached 15 million tons.