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Rosneft Could Return to Bonds

Rosneft is likely to return to the international capital in the next couple of weeks, according to bankers, with its first bond deal since completing the state-owned company's $55 billion acquisition of TNK-BP.

"It's one of the names that could come intraday in the next two weeks or so," said one banker familiar with the situation, adding, though, it would take at least a week for the company to get its documents ready. Another banker, who agreed an April sale was probable, said timing was dependent on Rosneft getting a sufficiently attractive price.

Much will depend on the likely size, which at this stage remains uncertain. "I really don't know what they want to do," said the first banker.

(Reuters)

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