Tatneft To Issue Eurobonds Worth $200m In 1H2002

Tatneft is planning to issue eurobonds to the amount of $200m in the first half of 2002. The intention to issue eurobonds is caused by the company's financial state, according to the report of the company's press service. As of August 1, 2001 foreign debt was $600m. With a view to that, the financial councilor of Tatneft General Director has confirmed information that the company is intending to settle its liabilities by issuing bonds.