Press releases

Press releases


RUSAL successfully completes third ruble bond placement this year
05.09.2019

Moscow, 5 September 2019 – RUSAL (SEHK: 486; Moscow Exchange: RUAL), one of the leading global aluminium producers, announces the closure of the book building process for the third placement of its 10-year ruble-denominated bonds. It has a three year put option on the Moscow Exchange with the nominal value of 15 billion rubles and a coupon rate of 8,25% p.a., a record low for the Company.

A wide range of institutional (banks, asset management, insurance and investment companies) and private investors have placed over 50 orders during the book building process. The high demand for RUSAL’s bonds has made it possible to close the book at a rate of 8,25% p.a., which is a record low for the Company. The coupon rate has decreased from the initial 8,50-8,65%. The volume increased from the initially announced 10.0 billion rubles to 15.0 billion rubles; oversubscribed by four times.

“The third consecutive issue of ruble bonds this year has again demonstrated the increasing interest and support from the investment community for RUSAL. We are pleased to see that the Company remains a lucrative investment opportunity with its strategy that is aimed at the innovative development and meets current environmental demands”, said Oleg Mukhamedshin, RUSAL’s Director for Strategy, Business Development and Financial Markets.

During 2019 RUSAL has already completed two public issuances – with a total nominal value of 30 billion rubles. On both occasions the volumes were significantly increased, which is a further proof of investors’ interest and trust in the Company.

The settlement will take place on the Moscow Exchange on September 12, 2019. The issuer is OJSC RUSAL Bratsk.

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


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