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Repayment of US$7b loan a signal to buy Rosneft bonds: investors

It is the largest foreign debt obstacle the Russian oil company must cross in 2015: investors

Published Mon, Feb 9, 2015 · 09:50 PM
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London

AS OAO Rosneft pulls together funds to repay US$7.1 billion of loans due on Friday, some investors say it's the moment to buy the Russian oil company's bonds after the best week for crude in almost four years.

"Now is a good time," Dmitry Postolenko, who helps manage about US$3 billion in Russian debt at Kapital Asset Management in Moscow, said on Feb 6. "Paying off the loan will wipe off a big chunk of its total debt."

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