OREANDA-NEWS. December 10, 2009. Bashneft oil company opened on Wednesday the order book for three bond issues for a total of RUB 50 bn, the issuer said. Bond issues are to be floated on the stock market on December 22, the issuer said.

Bashneft intended to place bonds worth up to RUB 50 bn to finance the acquisition of oil assets from AFK Sistema. The maturity is seven years. The first and second issues are worth RUB 15 bn each and the third issue is RUB 20 bn.
Organizationally, the Bashneft oil company is part of the Bashkir Fuel Company together with other oil refining, petrochemical and power-engineering facilities in the republic. The company has 46 departments, including the Ufaneftekhim, Novoil (Novo-Ufimsky) and Ufimsky oil refineries and also the Ufaorgsintex petrochemical facility. The total output of its refineries reaches 40 million tons of oil annually.