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. Last Updated: 07/27/2016

Tyumen Issues Bond

MOSCOW -- Tyumen Oil Co. has issued a 2.5 billion ruble ($94.45 million) five-year bond paying 10 percent interest annually, the Federal Securities Commission said Tuesday.

The bonds will be placed through an open subscription, the commission said in a statement.

The placement of the first tranche was completed ahead of schedule, and secondary trade started Monday on the Moscow Interbank Currency Exchange.

Tyumen Oil Co., or TNK, is headed by Simon Kukes.