Reuters citing Mr Igor Dyomin a company spokesman as saying that Russia oil pipeline monopoly Transneft may redeem eurobonds issues worth over USD 4 billion at face value due to changes in tax environment.

Mr Igor Dyomin said as Russian finance ministry is looking to tighten rules on taxes from eurobond operations that "We have a plan to accumulate necessary money. We may redeem eurobonds ahead of schedule in the course of the year."

(Sourced from Reuters)