UC RUSAL approves final parameters of Ruble bond issue
Moscow, 14 February 2011 – UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL, MICEX: RUALR, RTS: RUAL), the world's largest aluminium producer, announces approval of the Ruble bond issue by OJSC RUSAL Bratsk (“Issuer”) and its key parameters by the Company's Board of Directors.
OJSC RUSAL Krasnoyarsk and OJSC RUSAL Achinsk (“Sureties”) will provide sureties for up to RUR30 billion and RUR12 billion respectively, to secure the payment obligations under the Issue. Additionally, RUSAL will provide a guarantee towards bondholders in the form of irrevocable offer to purchase bonds to secure payment obligations in cases of Issuer and Sureties non-performance.
The final decision on the timing of the placement will be made by the Issuer subject to market conditions.
Rouble bond issue of up to RUR30 billion worth of corporate bonds (consisting of 2 series of RUR 15billion each) was registered on 20 May 2010 by the Federal Financial Markets Service of the Russian Federation. Both series (if issued) can be placed within one year of the date of registration with the FFMS.
About RUSAL
UC RUSAL (www.rusal.com) is the world’s largest producer of aluminium, in 2009 accounting for approximately 10% and 10% of global production of aluminium and alumina, respectively. UC RUSAL employs about 76,000 people in 19 countries, across 5 continents. UC RUSAL markets and sells its products primarily in the European, Japanese, Korean, Chinese, South East Asian and North American markets. UC RUSAL’s ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486), global depositary shares representing UC RUSAL’s ordinary shares are listed on the professional compartment of Euronext Paris (RUSAL for Reg S GDSs and RUAL for Rule 144A GDSs), and Russian depositary receipts that are issued on common shares of the Company are listed on MICEX (RUALR) and RTS (RUAL) stock exchanges.
Disclaimer
The information contained in this press release is for media advice only. The contents are true and accurate at the time of publishing, however, may change over time.