Russia’s Rosneft Repays USD 5.1 Billion Loan

December 24, 2013

Rosneft announced on December 23 it repaid part of a loan obtained earlier from a group of international banks to finance the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion.

Igor Sechin, President of Rosneft, commented: “Financial standing of Rosneft allows us to repay the loans ahead of schedule, which demonstrates the Company’s responsible attitude towards responsibilities we assumed. We generate sufficient financial resources to implement our plans and, looking forward, will continue the work to reduce our external debts”.

Source: Rosneft Press Office, 2013