Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size $600 million, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing the company’s current indebtedness.
Vladislav Soloviev, Rusal’s CEO said: “We are delighted to win overwhelming support for our debut Eurobond issue from a wide group of global investors. We have opened a new market for borrowing. The success of this transaction further strengthens the company by diversifying our sources of funding and improving our debt maturity profile.” (Metalinfo/Ukrainian metal)