Bonds and Credit Ratings of the Company
As at the end of 2019, Rosneft’s credit ratings by S&P Global and Moody’s international rating agencies were at an investment grade and on par with the sovereign rating of the Russian Federation: BBB-, stable outlook, and Baa3, stable outlook. On top of that, the Company had the highest creditworthiness rating (ruAAA) with a stable outlook from Expert RA rating agency.
In 2012, Rosneft placed two Eurobond issues as part of its Eurobond Programme for a total of USD 10 bln: USD 1 bln maturing in 2017 and USD 2 bln maturing in 2022. Between 2006 and 2010, former subsidiaries of TNK-BP Group placed eight Eurobond issues for a total of USD 5.5 bln maturing in 2011–2020. Two Eurobond series for a total of USD 2.5 bln, issued by Rosneft and its Subsidiaries that had previously been part of TNK-BP Group, remained outstanding as at 31 December 2019.
In 2012–2017, Rosneft launched four Ruble Bond Programmes and completed 41 issues of corporate and exchange-traded ruble bonds for a total of RUB 2,261 bln.
In November 2017, the Company registered its fifth multi-currency Exchange-Traded Bond Programme with a total par value of RUB 1.3 trln. As part of the Programme, Rosneft completed three ruble bond issues for a total of RUB 630 bln in December 2017, two ruble bond issues for a total of RUB 70 bln in the first quarter of 2018, and four ruble bond issues for a total of RUB 80 bln in 2019.
|Par Value, mln||Currency||Coupon||Series / Issue Number||Issue Date||Maturity Date||Issuer|
|500 USD||7.25%||Series 8||February 2010||February 2020||Rosneft Finance S. A.|
|2,000||USD||4.199%||Series 2||December 2012||March 2022||Rosneft International Finance DAC|
|20,000||RUB||7.90%||Series 04, 05||October 2012||October 2022||Rosneft|
|30,000||RUB||7.30%||Series 07, 08||March 2013||March 2023||Rosneft|
|40,000||RUB||7.00%||Series 06, 09, 10||June 2013||May 2023||Rosneft|
|40,000||RUB||6,65%Coupon rate as at 31 December 2019.||Series BO-05, BO-06||December 2013||December 2023||Rosneft|
|35,000||RUB||8,90%Coupon rate as at 31 December 2019.||Series BO-01, BO-07||February 2014||February 2024||Rosneft|
|225,000||RUB||9.40%||Series BO-02, BO-03, BO-04, BO-08, BO-09, BO-10, BO-11, BO-12, BO-13, BO-14||December 2014||November 2024||Rosneft|
|400,000||RUB||7.85%||Series BO‑15, BO‑16, BO‑17, BO‑24||December 2014||December 2020||Rosneft|
|400,000||RUB||8,50%Coupon rate as at 31 December 2019.||Series BO-18, BO-19, BO-20, BO-21, BO-22, BO-23, BO-25, BO-26||January 2015||January 2021||Rosneft|
|600,000||RUB||6,60%Coupon rate as at 31 December 2019.||001Р‑01||December 2016||November 2026||Rosneft|
|30,000||RUB||9.39 %||001Р‑02||December 2016||December 2026||Rosneft|
|20,000||RUB||9.50%||001Р‑03||December 2016||December 2026||Rosneft|
|40,000||RUB||8.65%||001Р‑04||May 2017||April 2027||Rosneft|
|15,000||RUB||8.60%||001Р‑05||May 2017||May 2025||Rosneft|
|266,000||RUB||8.50%||001Р‑06, 001Р‑07||July 2017||July 2027||Rosneft|
|100,000||RUB||7,10%Coupon rate as at 31 December 2019.||001Р‑08||October 2017||September 2027||Rosneft|
|600,000||RUB||6,60%Coupon rate as at 31 December 2019.||002Р‑01, 002Р‑02||December 2017||November 2027||Rosneft|
|30,000||RUB||7.75%||002Р‑03||December 2017||December 2027||Rosneft|
|50,000||RUB||7.50%||002Р‑04||February 2018||February 2028||Rosneft|
|20,000||RUB||7.30%||002Р‑05||March 2018||February 2028||Rosneft|
|10,000||RUB||8.70%||002Р‑06||April 2019||March 2029||Rosneft|
|20,000||RUB||8.70%||002Р‑07||April 2019||March 2029||Rosneft|
|25,000||RUB||7.95%||002Р‑08||July 2019||July 2029||Rosneft|
|25,000||RUB||7.10%||002Р‑09||October 2019||October 2029||Rosneft|