OAO Rosneft will place 400 billion rubles ($6.1 billion) in ruble bonds today as Russia’s largest oil producer plans to repay loans raised for deals and growth. Rosneft completed collecting bids for the sale in 1 hour on Jan. 23 and set the coupon at 11.9 percent, the Moscow-based company said in a statement. Russian government bonds due in June this year yield 14.65 percent, according to data compiled by Bloomberg. Sanctions on the Kremlin-led company related to Russia’s actions in Ukraine have restricted Rosneft’s access to international debt markets. At the same time, falling oil prices have reduced the availability of cash to service debts raised for deals that made Rosneft the world’s biggest publicly traded oil producer by output. The largest of the acquisitions was $55 billion for TNK-BP in 2013. Rosneft may utilize a similar plan as in December, when lenders purchased 625 billion rubles of […]