Bonds and Credit Ratings of the Company

Rosneft is one of the major high-quality Russian borrowers in the domestic market.

In 2017–2018, “Expert RA” assigned its highest rating of debt instruments’ reliability (ruAAA) to all ruble bonds of Rosneft with stable outlook.

Within the program of Eurobonds issue for a total of USD 10 bln, in 2012 Rosneft issued two Eurobonds series in the amount of USD 1 bln maturing in 2017 and in the amount of USD 2 bln maturing in 2022. Between 2006 and 2010, companies of TNK-BP Group issued eight Eurobond series for a total of USD 5.5 bln maturing in 2011–2020. Three Eurobond series worth a total of USD 2.5 bln, issued by Rosneft and its subsidiaries that had previously been part of TNK-BP, remained outstanding as at 31 December 2018.

In 2012–2017, Rosneft launched four Ruble Bond Programs with 41 issues of corporate and exchange-traded ruble bonds for a total of RUB 2,261 bln.

In November 2017, Rosneft registered its fifth multi-currency Exchange-Traded Bond Program with a total par value of RUB 1.3 trln, and had three ruble bond issues with a total par value of RUB 630 bln in December 2017, and two more ruble bond issues for a total of RUB 70 bln in Q1 2018.