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Rosneft has paid off eurobonds to the amount of $ 1 bln

27 July 2016

Rosneft Finance S.A. (Rosneft subsidiary) has paid off series 2 eurobonds amounting to $1  bln of total nominal value. Those eurobonds were issued by the former TNK-BP Group in 2006, maturing 10 years later, with the coupon rate of 7.5% p.a.

Profit maximization at the operational level and efficient working capital management allow Rosneft to generate a stable cash flow thus ensuring sources for paying dividends, reducing debt load and providing the necessary liquidity for financing of the investment program .

Over 1Q 2015,  net debt of the Company was reduced by 44.8% in dollar terms and made $23.9 bln.

Following the above redemption, series 3 of Rosneft Finance S.A. eurobonds remain in circulation, with total nominal value of $2.4  bln.

Rosneft Information Division
Tel: + 7 (499) 517-88-97
27 July 2016