January 22, 2018 / 1:57 PM / a month ago

Russia's Sistema to issue 10 bln rouble bond on Jan 26 - prospectus

MOSCOW, Jan 22 (Reuters) - Russian conglomerate Sistema is to issue a 10 billion rouble ($176.79 million) bond, denominated in roubles, on Jan. 26, according to an issue prospectus circulated to the market on Monday.

Sistema has to pay 100 billion roubles to resolve a dispute with Russia’s largest oil producer Rosneft over the Bashneft oil company, under a settlement announced by both companies in December.

$1 = 56.5648 roubles Reporting by Christian Lowe; Editing by Jack Stubbs

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