Rusal shrugs off crisis for $5bn loan

The EM syndicated loan market is doing its best to ignore the eurozone crisis. Rusal, the aluminium producer that was forced to restructure $16.8bn of debt in 2009, will this month syndicate the biggest corporate loan for a central and eastern European company since the crisis started.

  • 03 Aug 2011

It is seeking up to $4.75bn in five year money to refinance its outstanding debt to international lenders. The deal will free the borrower from restrictive clauses limiting capex spending and cut the margin on its debt from over 400bp to 235bp.

Further to Rusal’s syndication, loans bankers are ...

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