Novolipetsk Steel, or NLMK, and Gazprom have raised a combined total of nearly $1.1 billion through debt issues.
Novolipetsk said Thursday that it had raised $500 million via a seven-year eurobond issue with an annual coupon of 4.95 percent. It said it would use the proceeds for general corporate purposes, including debt refinancing.
In a separate deal, Gazprom said it raised $598 million via a short-term euro commercial paper issue.
Euro commercial paper deals, as used by state-controlled lender VTB in its latest deal worth $125 million, usually require less paperwork compared with eurobond issues and benefit from a quicker roadshow.
Russian borrowers have raised more than $35 billion via eurobond issues so far this year, more than all of last year.