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. Last Updated: 07/27/2016

LUKoil's Ruble Bonds All Sold

Russia's biggest oil producer, LUKoil, said Friday it had sold all 3 billion rubles ($120.5 million) worth of its four-year dollar-pegged bonds on the Moscow Interbank Currency Exchange, or MICEX.

The company's press service said the paper, priced to yield 6 percent annually, was placed at face value of 1,000 rubles each.

It was unclear if LUKoil underwriters bought any of the bonds, as was the case with underwriters of natural gas monopoly Gazprom, which launched Russia's first corporate ruble bond last month.

Last month, the Federal Securities Commission extended the placement period for the bonds, allowing it to run for 70 days from the launch date of June 10. The placement had been due to end on July 9.

A company spokesman said at the time that LUKoil wanted the extension because the Central Bank was slow in approving documents to allow foreigners to buy the bonds using funds in so-called "S" accounts.