Rosneft plans to settle $10.9 bln of debts until the end of 2015
Edited by Rhod Mackenzie / 2015-09-01 02:02:04
Rosneft plans to settle $10.9 bln of debts until the end of 2015, is said in the company’s H1 report.
In Q2 Rosneft settled $5.9 bln (309 bln roubles), including the advance settlement of loans for about $600 mln (30 bln roubles) taking into account the interest.
In 2016 Rosneft plans to settle $15.1 bln of debts, in 2017 - $11.1 bln, in 2018 - $5.7 bln, in 2019-2020 -$18.1 bln.
The net debt of Rosneft as of the end of H1 2015 fell by 11.9% against H1 2014 to make up $39.9 bln. The total debt fell by 17.4% and made up $54.3 bln. The corrected free monetary flow stayed at the level of $6.7 bln.
