Someone gave "Rosneft" 625 billion rubles in an atmosphere of "secrecy"

[DARPA]

Someone gave "Rosneft" 625 billion rubles in an atmosphere of "secrecy". Version - from the sale of a large package to preparing for bankruptcy

"Rosneft" yesterday was able to place the bonds by 625 billion rubles, bought their unnamed buyers. "Kommersant" called the product of the operation "unprecedented in scale and the most mysterious placement of bonds in Russia." According to the newspaper, the buyer of securities became state-owned banks. The loan was made re-enlisted, and the money already allocated between subsidiaries.



Accommodation turned the largest in the history of Russia and was conducted in an atmosphere of "secrecy", said the publication. The coupon rate on the outstanding issues of 13 six-year bonds was 11.9%, which is lower than the current yield even government bonds. Thus, the yield of OFZ maturing in April 2021 was 12.2% yesterday. In the future, the rate on the bonds of "Rosneft" will be tied to the base rate of the Central Bank plus 2.4% in the first two years, and then for another year - rate plus 1.4%. The entire amount will be collected through the six-year interest-free loans in roughly equal split between six subsidiaries - "RN-Stavropolneftegaz", "RN-KNG", "RN-Purneftegas", "RN-Tuapse Refinery", "RN-Yuganskneftegaz" and "RN-Severnaya Neft ".



Sources "Kommersant" in the government denied speculation that the paper bought at the expense of the National Welfare Fund (previously the company had requested assistance from the fund). The publication says that the buyers were four major banks, including state-owned banks. "Gazprombank" denied its involvement in the deal, but VTB and Sberbank declined to comment.



Perhaps the money will go to pay off debt on loans taken for the purchase of TNK-BP. According to another version, Treasury bonds will be incorporated in the Bank: "If this is true, in fact it turns out that" Rosneft "is credited by issuing Central Bank", - says Dmitry Doudkin of "Uralsib Capital".


The third version: equal distribution of funds between the "daughters" may indicate that "Rosneft" is preparing for a complex operation. "Loan and loans can be part of a complex transaction, such as an element of the scheme for the sale of 19.5% of the shares of" Rosneft ", owned by the state" Rosneftegaz, "- said" Kommersant ". The head of "Rosneft" Igor Sechin, the eve confirmed that the company is in talks with potential buyers among "both domestic and foreign investors'


"On the whole, against the background of complete lack of explanation from the authorities of the issuer and placement caused a serious surprise analysts and weight the most amazing and fantastic hypotheses, until the preparation of the parent company into bankruptcy," - concludes his story "Kommersant".