Transneft, the Russian oil pipeline monopoly, is to issue a three-year 9.6 billion ruble ($309.5m)  bond - the biggest ever on the domestic market.

The issue goes to the board of state-owned Transneft for approval on Wednesday. The proposed volume is nearly twice that of the two largest previous ruble bonds, five-billion ruble issues from the gas monopoly Gazprom and Russian Aluminium.

Simon Pirani

Transneft

Citigroup

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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Transneft to issue $310m bond

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