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. Last Updated: 07/27/2016

LUKoil Eyes Eurobond

LUKoil is planning a eurobond issue of benchmark size, or more than $500 million, this month or next, banking sources said Monday.

If it proceeds, it would be the first eurobond placement by a private Russian firm since the beginning of the worldwide economic crisis last year. LUKoil declined to comment on the issue.

“The company may enter the market at the end of October or in November,” a banker said on condition of anonymity. “There are ongoing talks. The company is technically ready, but the final dates are not defined yet,” a second source said.    

(Reuters)