OREANDA-NEWS. A programme of Gazpromф Neft short-term exchange-traded bonds (series 002P, total volume RUB50 billion, assigned number 4-00146-A-002Z-02E) has been registered on the Moscow Exchange. The maximum maturity of the bonds under this programme is 30 years, with the bonds available for placement for a period of up to one year. A programme for the annual issuance of bonds in the order of up to RUB50 billion was approved by the Gazprom Neft Board of Directors on 10 July 2017.

Alexei Yankevich, Deputy CEO, Economics and Finance, Gazprom Neft, commented: «The placement of short-term exchange-traded bonds is a new practice in Russia’s corporate sector, currently being tested by the company.»