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Russia’s Rosneft to offer 10 bln yuan bond offering on Sept. 13 – source

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MOSCOW — Russia’s largest oil company Rosneft plans to collect bids for a 10 billion yuan ($1.4 billion) bond offering on Sept. 13, according to a financial markets source.

The Moscow Stock Exchange confirmed the offering to Reuters. Rosneft did not immediately reply to a request for comment.

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The 10-year bonds will have a face value of 1,000 yuan, the source said.

The coupon rate will be announced later, with applications collected from 1100 to 1500 Moscow time on Sept. 13 and a preliminary placement date of Sept. 20. (Reporting by Reuters; Editing by Edmund Blair)