Russian first for RUSAL
(Posted on 24/09/19)
RUSAL , one of the leading global aluminium producers, has announced that it plans to enter into a new five-year USD 750 million Sustainability Linked Pre-Export Finance (PXF) facility. It will be the first ever sustainability linked syndicated facility arranged by international commercial banks in Russia.
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.
RUSAL has mandated ING and Natixis as Coordinating Mandated Lead Arrangers and Bookrunners of the facility. Natixis and Societe Generale are acting as Sustainability Coordinators.
This transaction will be the first Sustainability Linked syndicated facility arranged by international commercial banks in Russia. The margin will depend on the Company’s fulfilment of key performance indicators related to environmental impacts and sustainable developments.
The syndication was launched in early September and has received interest from the Russian and international banks active on the Russian syndicated loan market. The syndication is expected to be closed by mid-October and as of today the Company has received commitments for a total amount of USD 725 million. These commitments are subject to satisfactory documentation, as per market practice.
“This sustainability linked Pre-Export Finance facility is further proof that the Company is at the forefront of the projects that are aimed at cutting down the world’s carbon footprint. We are glad to see the appreciation of the Company’s comprehensive sustainability initiatives from the banking community. For us this transaction is not only another important step towards the refinancing of the Company’s debt optimizing maturities and financing costs, but also proves the support we have for our ecological strategy from the experts in that field”, 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. 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 trees have or about to be planted in Siberia.
Latest News
NGFA applauds reintroduction of HAULS Act
(Posted on 24/12/25)The National Grain and Feed Association (NGFA) has applauded Senator Deb. Fischer’s (R-Neb.) reintroduction... Read more
Anglo American and Teck receive approval for merger of equals
(Posted on 18/12/25)Anglo American plc and Teck Resources Limited have received regulatory approval from the Government... Read more
Rhodes Ridge $191m feasibility study on Pilbara iron ore mine
(Posted on 18/12/25)The Rhodes Ridge Joint Venture has approved a $191 million (A$294 million) (Rio Tinto share $96 million... Read more
Strong metals trading as Trafigura publishes annual results
(Posted on 09/12/25)Trafigura Group Pte Ltd, a global leader in the commodities industry, has announced its financial results... Read more
Rio Tinto’s Nuton technology produces first copper
(Posted on 09/12/25)Rio Tinto has successfully produced the first copper from the Johnson Camp mine in Arizona using its... Read more
US soy and Uzbekistan sign MoU to expand trade
(Posted on 02/12/25)The American Soybean Association’s World Initiative for Soy in Human Health programme and the... Read more
KNAC and Rio Tinto sign updated agreement
(Posted on 02/12/25)Karlka Nyiyaparli Aboriginal Corporation (KNAC) Registered Native Title Body Corporate and Rio Tinto... Read more
OCI Global announces sale of OCI Ammonia Holding to AGROFERT
(Posted on 02/12/25)OCI Global, a leading global producer and distributor of nitrogen products has announced that it has... Read more
Court of Appeal confirms permit for new steel plant in Luleå
(Posted on 24/11/25)In December 2024, SSAB was granted a permit by the Land and Environment Court at Umeå District... Read more
Simandou partners celebrate start of operations
(Posted on 15/11/25)The President of the Republic of Guinea has joined project partners WCS1, Baowu, Chinalco and Rio Tinto... Read more
