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. Last Updated: 07/27/2016

Sidanko to Issue Bonds

MOSCOW -- Oil company Sidanko will issue 16.89 billion rubles worth of convertible bonds in accordance with a decision taken almost a year ago, a company statement said. The issue was registered with the Federal Securities Commission on Monday.

Sidanko, controlled by Uneximbank and Russia's largest vertically integrated oil company, will issue bonds equivalent to 402,247,100 shares with a nominal value of 40 rubles each. The issue will be available for subscription to a closed circle of investors.