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.