

(Posted on 10/09/19)
RUSAL, 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.
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 Company employs about 64,000 people. RUSAL's offices are operating in 20 countries all over the world and across 5 continents. RUSAL common stock is traded at the Hong Kong Stock Exchange (trade code – 486). RUSAL's ordinary shares are traded on the Moscow Exchange.
The National Mining Association (NMA) has issued the following statement from Rich Nolan, President... Read more
The German Coal Importers Association (VDKi has a new chairman. Alexander Bethe, Appointee of the Japanese... Read more
Rio Tinto has reached an agreement on a new electricity agreement with Meridian Energy that allows New... Read more
The American Iron and Steel Institute (AISI) has updated six cold-formed steel design standards.AISI... Read more
The National Grain and Feed Association (NGFA) in the USA has announced that Michael J. Seyfert will... Read more
Rio Tinto and the Puutu Kunti Kurrama and Pinikura people (PKKP) confirm they have taken initial steps... Read more
A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following... Read more
The National Grain and Feed Association (NGFA) in the USA has commended Congress for including key inland... Read more
Rio Tinto has appointed Jakob Stausholm as chief executive, effective 1 January 2021. Since joining... Read more
RUSAL, a leading global aluminium producer, is pleased to announce that Hyundai Sungwoo Holdings Co,... Read more