On June 25, Transneft Board of Directors can prolong the circulation period for its bonds

On June 25, Transneft Board of Directors can prolong the circulation period for its bonds of series BO-03-07. The press-secretary, the adviser of the president of the company I. Dyomin explains that the amendments are introduced for prolongation of the circulation period from 3 to 10 years. When admission of the decision about placement of these bonds in 2010, the legislation limited the circulation period by 3 years. Mr. Dyomin states that the company can improve the clauses of financing attraction with this measure.