Russia’s Rosneft Raises $2.15 Billion in Record Yuan Bond Sale

What’s new: Russia's largest oil producer Rosneft completed a yuan-denominated bond placement worth 15 billion yuan ($2.15 billion), the company said, making it the third Russian giant to borrow through yuan bonds.

The deal marks the biggest bond sale ever by a Russian business. The coupon rate of the 10-year bonds was set at 3.05% a year, according to bond documents. Proceeds will be used to finance the company’s investment programs.