Rusal completes bond placement

(Posted on 11/11/19)

RUSAL, one of the leading global aluminium producers, has announced the close of the bookbuilding process for its fourth placement of ruble-denominated bond on the Moscow Exchange with the nominal value of 15 billion rubles, 10-year maturity and a 3-year put option. Coupon rate of 7.45% p.a. has become the record low for the Company.

RUSAL is the leader of the global aluminium industry. In 2018, the Company accounted for about 5.8% of global production of aluminium and 6.2% of alumina production.

The coupon rate has decreased several times during the bookbuilding: the initial guidance of 7.50-7.60% was first revised to 7.45-7.50%, and finally the deal was settled at 7.45% p.a. This is the record low coupon rate for the Company’s placement on the Russian market.

As a result, during 2019 RUSAL has competed four placements of ruble-denominated bonds with the total value of 60 billion rubles. The coupon rate was set lower with every issue – from 9.00% p.a. in April, when the first tranche was placed for the first time after a long break, to 7.45% for the final issuance in November.

“The successful issue of ruble bonds throughout the course of this year has demonstrated the high level of trust which the investment community continues to place in RUSAL, and reinforces the current relevance of the Company’s strategic goals – such as the reduction of our carbon footprint and the introduction of technological innovations through the development and promotion of new aluminium products”, said Oleg Mukhamedshin, RUSAL’s Director for Strategy, Business Development and Financial Markets.

Each time on the back of high demand the size of issuance was increased during the bookbuilding process as compared to the initial guidance, which is another evidence of the financial community’s interest and trust in the Company.

The settlement will take place on the Moscow Exchange on November 14, 2019. The issuer is OJSC RUSAL Bratsk.

VTB Capital, Gazprombank, Moscow Credit Bank, Sberbank CIB, Bank Otkritie Financial Corporation, BCS Global Markets, Region BC and Sovcombank manage the issuance. The settlement agent is Gazprombank.

Latest News

GSC launches mining advisory division, strengthening global investment capabilities

GSC (Global Strategic Commodities) has announced the launch of its dedicated mining advisory division... Read more

SSAB issues first green bonds amounting to SEK2,800m

SSAB AB has successfully issued its inaugural green bonds under its EUR 2 billion EMTN programme, dated... Read more

Anglo American publishes shareholder circular for merger with Teck

On 9 September 2025, Anglo American plc and Teck Resources Limited announced that they had reached an... Read more

Bunge closes agreement to acquire NWT grain elevator assets

Bunge has successfully closed its purchase agreement for the grain elevator assets of North West Terminal... Read more

NGFA applauds Senate committee for advancing Grain Standards Act reauthorisation

The National Grain and Feed Association (NGFA) in the USA has applauded the Senate Agriculture Committee... Read more

Rio Tinto announces board changes.

As Rio Tinto previously reported, the size of its Board peaked at 14 Directors during a transitional... Read more

ADM advances quality capabilities with new central milling laboratory

ADM , a global leader in human and animal nutrition, has celebrated the opening of its new Central Milling... Read more

Bunge announces reporting segment changes and recast outlook

Bunge Global SA has announced that it has changed its segment and volume reporting to align with the... Read more

Open Trade Coalition calls for bold and open EU trade policy

As the European Parliament prepares for the confirmation hearings of the new Commissioners, the Open... Read more

Rio Tinto Q3 results show strong production across the portfolio

Multinational mining company, Rio Tinto, has releases its third quarter 2025 production results showing... Read more