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- UC RUSAL makes debt repayments totalling USD 529 million
Press-releases
- Main
- Press-center
- Press-releases
- UC RUSAL makes debt repayments totalling USD 529 million
UC RUSAL makes debt repayments totalling USD 529 million
Moscow, 25 April 2011 – UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL, MICEX: RUALR, RTS: RUAL), the world's largest aluminium producer, announces making further debt repayments in the total amount of approximately US$529 million to its international and Russian lenders under the International Override Agreement (IOA).
The debt repayment in the amount of approximately USD517 million was made on 20 April 2011 with additional USD12 million to be prepaid till the end of April using the funds received from the recent successful ruble bond issue, Series 08, by OJSC RUSAL Bratsk. The total amount repaid by the Company to the lenders since the Override date (excluding repayments made under the refinancing of the VEB loan) totaled approximately USD4 billion.
RUSAL makes debt repayments ahead of schedule and actively uses new tools to raise capital, which helps the Company to reduce debt service costs and to improve the debt structure.
About RUSAL
UC RUSAL (www.rusal.com) is the world’s largest producer of aluminium, in 2010 accounting for approximately 10% and 10% of global production of aluminium and alumina, respectively. UC RUSAL employs about 72,000 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.