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. Last Updated: 07/27/2016

LUKoil Clears Bond Issue

LUKoil announced on Wednesday that its board of directors had approved borrowing 100 billion rubles ($3.23 billion) in bonds to spur growth, the company said Thursday in a statement.

The firm will issue documents for registration of a program of nonconvertible interest-bearing documentary ruble bonds, consisting of 10 offerings and maturing in 10 years.

It said the timings and issuances of the offerings will be “determined by the market situation.”