PJSC Rosneft Oil Co. raised gross proceeds of 50.00 billion Russian rubles from an offering of 11.90% exchange bonds due Jan. 18, 2021.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Russian Regional Development Bank was the lead underwriter.

As of Jan. 26, US$1 was equivalent to 66.29 Russian rubles.