Transneft might issue bonds for 280 bln roubles

​On March 14th the Board of Directors of Transneft approved the program of bonds at the volume of up to 280 bln roubles.

The bonds in the framework of the program will be issued both in roubles and foreign currency. The maximum period of circulation of bonds is 30 years.

The volume of oil shipment to consignees in 2014 fell by 0.7% to 477.5 mln tons, in 2015 – rose by 0.6% to 31.2 mln tons.

The net profit of Transneft under IAS over 9 months 2015 rose by 14% to 134.463 bln roubles. The revenue rose by 6.3% to 610.016 bln roubles, pre-tax profit – by 10.9% to 164.06 bln roubles.

The net profit of Transneft over 9 months 2015 under RAS fell by 2.3% to 8.332 bln roubles from 8.515 bln roubles in 2014. The revenue grew by 4.7% to 564.898 bln roubles from 539.88 bln roubles in 2014. The gross profit fell to 52.096 bln roubles from 77.946 bln roubles. The revenue from participation in other companies made up 52.118 bln roubles from 1.41 bln roubles.