The bond placement by Rosneft [oil giant] worth R625bn [about 9.5bn dollars] in December was non-transparent and increased the volatility in the market, the head of the Central Bank of Russia, Elvira Nabiullina, has admitted.
"I think that, indeed, the Rosneft deal was non-transparent, unclear to the market and was an additional factor of volatility in the market. However, it was not the main one," Nabiullina said in interview with Forbes.
In December 2014 Rosneft placed 14 issues of bonds worth R625bn in total. The deal became a record-breaker in terms of size in the Russian debt market.
ANN.Az
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