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Rosneft Successfully Completed Yuan Bond Placement

15 September 2022

Rosneft successfully completed its debut CNY-denominated bond issue in Russia. The coupon rate was set at 3.05% per annum, the placement volume - CNY15 billion.

The market investors’ strong demand allowed raising a record funds amount in yuan at the lowest rate among bond placements in Russia. The debut bond issue by the Company became the largest market corporate bond placement in the history of the Russian market. This confirms the Company’s highest credit quality (ruAAA rating assigned by Expert RA), as well as a high degree of investor confidence in Russian oil and gas sector.

002P-12 series exchange-traded bonds with a 10-year maturity were registered on September 14, 2022 by the Moscow Exchange. The nominal value of one bond is CNY 1,000. Coupon payments will be paid twice a year. The bond issue has an offer in 2 years.

The issue was arranged by Russian Regional Development Bank, Gazprombank, Credit Bank of Moscow, and BC REGION; with DOM.RF, Bank Zenit, Russian Agricultural Bank and IC VELES Capital acting as co-arrangers.

The funds raised through the bond placement will be used in accordance with the approved Rosneft Business Plan to finance the investment program.

Pursuant to the instruction from the President of the Russian Federation, Rosneft is gradually shifting to foreign trade settlements in Russian rubles and national currencies of friendly countries, while optimizing its debt portfolio structure. The Company's current debt burden is the lowest since the end of 2013. Net debt / EBITDA ratio gradually decreases over the last seven quarters.

Information and Advertising Department
September 15, 2022

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.