OREANDA-NEWS. December 19, 2007. As announced by president of Russia’s oil major Sergey Bogdanchikov, Rossneft is planning to issue convertible bonds for a total of up to USD 3bn in 2008.

This would amount to approximately 3,1% of Rosneft stocks.

Later Finance VP of the company Sergey Makarov specified that actual issue’s volume is not to exceed USD 1,5bn – USD 2bn and that final decision on the offering will be adopted by the company in H1/08.