Key Developments: NK Rosneft' OAO (ROSNq.L)

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Latest Key Developments (Source: Significant Developments)

NK Rosneft' OAO completes placement of BO-26, BO-25, BO-23, BO-22, BO-21, BO-20, BO-19 and BO-18 bonds
Monday, 26 Jan 2015 

NK Rosneft' OAO:Completes placement of BO-26, BO-25, BO-23, BO-22, BO-21, BO-20, BO-19 and BO-18 bonds in full at issue price of 1,000 roubles per bond.Bonds placed in open subscription.  Full Article

NK Rosneft' OAO announces placement of rouble bond issues in amount of 400 billion roubles
Monday, 26 Jan 2015 

NK Rosneft' OAO:On Jan. 26 Rosneft announced the placement of rouble bond issues in amount of 400 billion roubles as part of the 800 billion roubles program approved in Dec. 2014.Bond placement is being done for the purpose of financing the company’s projects and production plan.It does not envisage purchase of foreign currencies.Until the implementation of payments to suppliers, contractors and creditors the Company will hold all the ruble funds on ruble accounts and deposits of authorized banks.  Full Article

Moody's downgrades NK Rosneft' OAO issuer rating, places under review for further possible downgrade
Tuesday, 20 Jan 2015 

NK Rosneft' OAO:Moody's Investors Service downgraded Rosneft issuer rating (local currency) to Baa3 from Baa2; placed under review for further possible downgrade.  Full Article

NK Rosneft' OAO acquires 8.01 pct stake in Sakhalinskaya energeticheskaya kompaniya OAO
Monday, 12 Jan 2015 

NK Rosneft' OAO:Acquired 8.01 percent stake in Sakhalinskaya energeticheskaya kompaniya OAO.On Dec. 26, 2014 the company received a right to control a certain number of votes in Sakhalinskaya energeticheskaya kompaniya OAO.  Full Article

NK Rosneft' OAO, Rostec and Finmeccanica SpA agree on production of AW189 helicopters in Russia
Wednesday, 31 Dec 2014 

NK Rosneft' OAO:Says that Rosneft, Rostec Corporation and Italian group Finmeccanica signed trilateral agreement for strategic partnership on Dec. 29.As part of the signed document the parties will establish a Joint Venture (JV) of the Russian Helicopters holding and AgustaWestland (subsidiaries of Rostec and Finmeccanica).The JV will be based on the HeliVert plant situated in the Moscow Region.Rosneft will become a new partner of the Russian-Italian JV.It is planned to launch production of the medium helicopters AW189.Rosneft will form a bid and become the first customer for the AW189 helicopters.By 2025, HeliVert is envisaged to sell and deliver up to 160 helicopters to Rosneft.In compliance with the reached agreements the assembly, supplies, aftersales service and training of AW189 helicopters will be carried out.As part of the project, localization of the AW189 production is planned to be implemented in stages up to 2025.  Full Article

NK Rosneft' OAO and Petrocas create logistics and retail joint venture
Monday, 29 Dec 2014 

NK Rosneft' OAO:Enters into definitive documentation to acquire 49 pct stake in Petrocas Energy International Limited (Petrocas), creating the joint venture (JV) for its activities in the South Caucasus region.Petrocas focuses on oil products Logistics, Trading and Retail.It owns and operates modern technology, Oil Terminal located in port of Poti, Georgia that handles Oil Products and Petrochemicals, its trading activity is concentrated in Caspian and Black Sea Regions and operates retail petroleum station chain in Georgia with 140 Gulf branded stations.  Full Article

NK Rosneft' OAO increases its stake in National Oil Consortium to 80 pct of shares
Tuesday, 23 Dec 2014 

NK Rosneft' OAO:Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20 pct share in the National Oil Consortium LLC (NOC).Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft.  Full Article

NK Rosneft' OAO, Morgan Stanley terminate contract on sale of Morgan Stanley's global oil trading business
Monday, 22 Dec 2014 

NK Rosneft' OAO:Says that Rosneft and Morgan Stanley had to terminate the contract to sell Morgan Stanley’s Global Oil Merchanting business to Rosneft dated Dec. 20, 2013 due to an objective impossibility to complete the deal that has arisen as a result of regulatory clearances being refused.Having invested substantial efforts in the deal, the parties regret that it could not be completed.Despite this, the parties continue to cooperate in other spheres.  Full Article

NK Rosneft' OAO to raise 800 bln roubles in domestic rouble bonds-Reuters
Wednesday, 10 Dec 2014 

NK Rosneft' OAO:Decides to place 12 exchange-traded bonds issues, with total volume of 800 billion roubles and maturity term of six years of each issue-Reuters.This is a record amount of ruble bonds program of the same issuer: last year Sberbank approved bonds program at 500 billion roubles, STB - 250 billion roubles, and Gazprom several years earlier - at 300 billion roubles.Board of Directors approved bond issue series BO-24-BO-26- for 25 billion roubles, bond series BO-19-BO-23 for 50 billion rubles each, and bond series BO-15 for 175 billion roubles.Possible underwriters - VTB Kapital, VBRR, and Bank FK Otkrytie.  Full Article

NK Rosneft' OAO begins construction of Suzun-Vankor oil pipeline-Interfax
Tuesday, 9 Dec 2014 

NK Rosneft' OAO:Rosneft production subsidiary Vankorneft has begun building a 101-kilometer oil pipeline linking the Suzun and Vankor fields, Rosneft said in a press release-Interfax.Work in the 2014-2015 winter period will involve pile driving for pipeline supports and laying, installation and welding of the linear section.Launch of the pipeline will be synchronized with other elements of the first line at Suzun, including production and injection wells, an oil treatment unit with capacity for 5.2 million tons a year.The Vankor cluster consists of 23 license territories in Krasnoyarsk territory and Yamalo-Nenets autonomous district.The Suzun field contains over 56 million tons of oil and 35.3 billion cubic meters of gas, according to geological data as of Jan. 1.  Full Article

TRLPC-Rosneft to make $7.1 bln February bridge loan payment

LONDON, Jan 28 - Russian oil giant Rosneft is set to repay around $7.14 billion of an existing two-year bridge loan that is due to mature on Feb. 13, bankers close to the deal said on Wednesday.

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