Press releases


UC RUSAL prices second USD500 mln Eurobond issue
25.04.2017

Moscow, 25 April 2017 – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL/RUALR), a leading global aluminium producer, is pleased to announce the successful pricing of a second Eurobond transaction with the following key parameters: size USD500 million, maturity 6 years. The placement was more than two times oversubscribed.

The Eurobond is priced with a coupon rate of 5.3% per annum. More than 70 investors participated in the issuance. Proceeds from the issuance are planned to be used for refinancing of the Company’s current indebtedness, which will allow to substantially improve the Company’s debt maturity profile and reduce the cost of borrowings.

“The successful placement of our second Eurobond issue since January verifies the confidence from the financial community in RUSAL and furthers the investment case of our company. By strengthening our public debt market positions, we are further improving our debt portfolio and creating additional opportunities for future business development,” Vladislav Soloviev, CEO of RUSAL commented.

In February 2017, RUSAL completed the debut offering of Eurobonds with the following key terms: principal amount of USD600 million, tenor 5 years, coupon rate 5.125% per annum.

Background information:

In March 2017, RUSAL also priced the first RMB1 billion tranche of Panda bonds as part of RMB10 billion offering prospectus.


Print version