Russia's Transneft plans five-year eurobond issue pricing Thursday

By Aaron Hochman-Zimmerman

New York, July 29 - OAO AK Transneft (A2/BBB+) announced it will offer five-year eurobonds, according to a market source.

Books are expected to close Wednesday with pricing on Thursday.

Proceeds will be used for investment projects and general corporate purposes.

Transneft is a Moscow-based gas pipeline operator.

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