Press releases

Press releases


RUSAL completes the second ruble bond placement this year on the Moscow Exchange
04.07.2019

Moscow, 4 July 2019 – RUSAL (SEHK: 486; Moscow Exchange: RUAL), one of the leading global aluminium producers, announces the close of the book building process for the second placement of its 10-year ruble-denominated bond with a 3.5 year put option on the Moscow Exchange with the nominal value of 15 billion rubles. Coupon rate of 8.6% p.a. was fixed at the lower level of the initial price guidance.

A wide range of institutional (banks, asset management, insurance and investment companies) and private investors have placed 37 orders during the book building process. The high demand for RUSAL bonds has made it possible to close the book at the lower end of the initial price guidance of 8.6% p.a. The volume was increased from the initially announced 10.0 billion rubles to 15.0 billion rubles. The coupon rate is record low for the Company.

“The second consecutive issue of ruble bonds this year has proved the increasing interest that investors have for RUSAL. We are pleased to see that the Company remains a lucrative investment opportunity with its focused strategy on long-term development projects, creation of innovative technologies, particular attention to the environmental issues, and strengthening of the relationships with the end consumers”, – said Oleg Mukhamedshin, RUSAL’s Director for Strategy, Business Development and Financial Markets.

In April 2019 RUSAL completed its first public issuance – 10-year ruble-denominated bonds with the nominal value of 15 billion rubles – since the sanctions were removed. The coupon rate back then was 9%. The volume was increased by 5.0 billion rubles, which is further proof of investors’ interest and trust in the Company.

The settlement will take place on the Moscow Exchange on July 11, 2019. The issuer is OJSC RUSAL Bratsk.

VTB Capital, Gazprombank, Moscow Credit Bank, Sberbank CIB, Otkritie Bank and Region BC managed the issuance. The settlement agent is Gazprombank. 


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