Van AalstCimbriaTBA GroupViganCleveland Cascades LtdMultimodal 2022
  • Port of South Louisiana
  • Vigan
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Bühler GmbH
  • TBA Group
  • Multimodal 2022

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

Amogy and Trafigura to research ammonia cracking technology

(Posted on 25/09/22)

Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, and Trafigura, one of... Read more


Rio Tinto and Shougang Group explore steel decarbonisation

(Posted on 25/09/22)

Rio Tinto and Shougang Group, one of the world’s top 10 steel producers, have signed a Memorandum... Read more


Rio Tinto partners Volvo for low-carbon and autonomous solutions

(Posted on 15/09/22)

Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership... Read more


Emergency measures required now to avert European steel crisis

(Posted on 09/09/22)

The European steel industry has called on EU policymakers to provide immediate relief against high energy... Read more


Europe’s fertilizer industry victim of energy chaos

(Posted on 07/09/22)

Rocketing gas prices have led to curtailment or shutdown of a majority of European fertilizer production... Read more


Cargill launches Asia Pacific digital studio to accelerate food/ag innovation

(Posted on 07/09/22)

Cargill is partnering with the Singapore Economic Development Board (EDB) to launch its first digital... Read more


Tata and Punjab Government to set up scrap based EAF steel plant

(Posted on 03/09/22)

Tata Steel has signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting... Read more


Turquoise Hill transaction Agreement in Principle with Rio Tinto

(Posted on 01/09/22)

Turquoise Hill Resources Ltd. has announced that it has reached an agreement in principle and entered... Read more


Vale first major mining company to test 100% electric 72-tonne trucks

(Posted on 25/08/22)

Vale have received two battery-powered 72-tonne off-highway trucks, which will be tested in the mines... Read more


Port of Amsterdam becomes member of responsible soy initiative

(Posted on 18/08/22)

The Port of Amsterdam recently became a member of the Round Table on Responsible Soy (RTRS), an initiative... Read more


Port of South LouisianaSailors SocietyTOC EventsPort of StocktonTelestackBühler GmbH
  • TOC Events
  • Telestack

Subscribe to our newsletter

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