Russia's state-controlled oil company OAO Rosneft (ROSN.RS) plans to mortgage 3.7% of its own shares for a loan of $2.3 billion from western banks, the Vedomosti daily reported Friday citing two unnamed sources close to the company.
The state oil major acquired 9.44% of its own shares at one of the Yukos bankruptcy auctions last year.
In April, Rosneft's debt totaled $23.6 billion, of which $13.8 was short-term.
By September, the company has to refinance debt worth $8.6 billion.