Sailors SocietyPort of StocktonPort of South LouisianaCleveland Cascades LtdThe Wolfson Centre for Bulk Solids Handling Technology Cimbria
  • Bühler GmbH
  • TBA Group
  • Telestack
  • Port of Stockton
  • Cleveland Cascades Ltd
  • Cimbria

Rusal’s $1Bn pre-export finance facility

(Posted on 28/10/19)

RUSAL, one of the leading global aluminium producers, has announced the signing of a new five-year sustainability-linked pre-export finance facility for USD 1,085,000,000. The size of the facility increased from the initially announced

USD 750 million as the market supports the Company’s commitment to low-carbon aluminium technologies and green aluminium production.

The signed facility is the first ever sustainability-linked syndicated facility arranged by international and Russian commercial banks in Russia.

The interest rate is subject to a sustainability discount or premium depending on the Company’s fulfilment of the sustainability key performance indicators (KPI).

Sustainability KPIs are related to the Company’s environmental impact and sustainable development and include the growth targets of ALLOW aluminium sales – RUSAL’s low-carbon aluminium produced with hydropower.

Other KPIs also cover the reduction of carbon footprint and decrease of fluoride emissions. They will be measured annually and verified by an independent and specialized third party.

The proceeds of the facility will be used to partly refinance the principal outstanding under the existing up to USD 2 billion pre-export finance facility that was drawn in May 2017.

ING Bank, a branch of ING-DiBa AG, and Natixis were Coordinating Bookrunning Mandated Lead Arrangers. Bank of China, Crédit Agricole Corporate & Investment Bank, Societe Generale and UniCredit S.p.A. acted as the Initial Bookrunning Mandated Lead Arrangers, Sberbank of Russia as the Bookrunning Mandated Lead Arranger and RCB Bank LTD as the Initial Mandated Lead Arranger. Intesa Sanpaolo Bank Ireland Plc and Bank ZENIT (Public Joint Stock Company) were the Mandated Lead Arrangers and Raiffeisen Bank International AG was the Lead Arranger.

“We are very delighted to witness this level of trust from the investment and banking community towards the Company’s sustainability initiatives. Such high market interest also reflects the rising global demand for the low-carbon aluminium, of which RUSAL is the largest producer. The sustainability-linked pre-export finance facility further proves the Company’s seamless focus on prioritizing the transparency of the green aluminium production, as is the case with ALLOW, RUSAL’s low-carbon aluminium. Moreover, it is a crucial step towards the refinancing of the Company’s debt optimizing maturities and financing costs”, said Evgenii Nikitin, RUSAL’s CEO.

RUSAL is the largest producer of green aluminium in the world. The smelters which produce its low-carbon aluminium ALLOW have a carbon footprint four times lower than the industry average (scope 1&2). RUSAL continues to pioneer new technology which is focused on eliminating its greenhouse gas emissions. The Company’s extensive sustainability program includes a variety of initiatives including a country-wide reforestation programme, in which 1 mln have been planted in Siberia.

Latest News

Cargill completes acquisition of Owensboro Grain Company

(Posted on 27/01/23)

Cargill has announced that it has completed the acquisition of Owensboro Grain Company, a fifth-generation... Read more


BHP selects seven companies to accelerate copper and nickel exploration

(Posted on 23/01/23)

BHP Xplor, an accelerator programme introduced by BHP in August 2022, has announced its first cohort... Read more


Trafigura makes carbon removal commitment as part of First Movers Coalition

(Posted on 16/01/23)

Trafigura Group Ptd Ltd., a market leader in the global commodities industry, has made a public carbon... Read more


Hefner assumes USGC global trade position in Washington

(Posted on 10/01/23)

Jace Hefner has joined the U.S. Grains Council (USGC) in its Washington, D.C., headquarters as the new... Read more


Cargill announces CFO transition

(Posted on 10/01/23)

Cargill has announced that Jamie Miller will step down as Chief Financial Officer to accept an opportunity... Read more


Adbri extends supply contract with ICL

(Posted on 10/01/23)

Adbri Limited has announced that it has extended its cementitious materials supply arrangement with... Read more


Dana Steel to replace imported raw materials with ‘Made in UAE’ supply

(Posted on 04/01/23)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial... Read more


GrainCorp to boost digital connectivity in the bush

(Posted on 23/12/22)

Australian agribusiness GrainCorp is co-leading a $12 million investment round into rural connectivity... Read more


BHP and OZ Minerals extend exclusivity period

(Posted on 20/12/22)

BHP has provided an update to its announcement on 18 November 2022 that confirmed BHP had entered into... Read more


Kaisa Hietala to join Rio Tinto Board

(Posted on 20/12/22)

Rio Tinto has appointed Kaisa Hietala as a non-executive director. Ms Hietala, a Finnish citizen, will... Read more


TelestackTBA GroupViganTOC EventsBühler GmbHVan Aalst
  • Van Aalst
  • Port of South Louisiana
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping