Source Pravda.Ru

Gazprom to attract $4.3bn in 2003

Gazprom is planning to attract $4.3bn in Eurobonds and medium-term notes in 2003. Some 10bn rubles (about $300m) are planned to be attracted on the domestic market, Andrey Kruglov, the head of the corporate financing department of Gazprom, declared at a meeting with investors, the United Financial Group said in its release.

In the future, the share of short-term liabilities in the structure of the company's debt is to be 30 percent and 70 percent of long-term debts. In 2003 Gazprom authorities are planning to decrease expenses by $1.3bn by cutting operating expenses.

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