Bashneft doesn’t plan one-time large debt settlements until February 2016

​Bashneft doesn’t plan any one-time large debt settlements until February 2016, the company says.

Bashneft’s liquidity reserve as of December 31st 2014 is 52.8 bln roubles.

In the structure of the company’s debt as of the end of Q4 2014 the loans make up 55%, bonds – 33%. The obligations in roubles make up 88%, in dollars – 12%.

In December 2014 Bashneft settled the main part of the loan in advance at the volume of $56 mln (3.339 bln roubles) by the agreement with a pool of international banks for the amount of $600 mln and undertook to pay in advance another $133 mln (7.501 bln roubles) which were settled in Jan 2015. The settlement schedule for the rest part of the loan, beginning from February 2015, was reconsider taking into account the advance payment.