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Russia's Rosneft repays $7.1 bln off loan, did not buy FX
February 12, 2015 / 7:57 AM / 3 years ago

Russia's Rosneft repays $7.1 bln off loan, did not buy FX

MOSCOW, Feb 12 (Reuters) - Russia’s Rosneft said on Thursday it had repaid $7.1 billion off loans it had taken out to buy TNK-BP.

Rosneft added in a statement that it had not bought any foreign currency on the market.

The loan is part of a larger $11.9 billion, two-year bridge loan that was signed in Feb. 2013 that backed Rosneft’s acquisition of oil company TNK-BP. (Reporting by Katya Golubkova, editing by Elizabeth Piper)

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