Rusal to tap new loan ahead of bigger refi in 2011
Rusal, the world’s biggest aluminium producer, will approach the loan market for a new trade finance deal before the end of the year, according to Oleg Mukhamedshin, deputy chief executive and head of debt capital markets.
The loan will come ahead of an overall refinancing of its outstanding debt in 2011, which could see a sizeable Eurobond issue. At the end of the first half of this year, the company had net debt of just over $12bn.
“Rusal is very much interested in a potential
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