TNK Places $400m in Eurobonds

Tyumen Oil Company placed $400m in Eurobonds with an annual interest rate of 11 percent, according to the report released by MENATEP St. Petersburg, a bank that became a senior co-manager in a syndicate that sold these Eurobonds. Tyumen Oil Company had the right to place its Eurobonds both on the European and on the US market according to European rules and the 144A rule respectively. The placement price was 100 percent of the nominal value. The date of redemption of the company's Eurobonds is November 6, 2007. The organizers of the Eurobond issue were Credit Suisse First Boston and Schroeder Salomon Smith Barney.

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