Rusal reaches restructuring agreement

Rusal reached a “landmark” restructuring agreement with its main lenders in Wednesday, easing the burden of the aluminium group’s $14bn debt pile. The Russian borrower agreed terms with its steering committee to repay the $7.3bn it owes foreign lenders over the next seven years.

  • 30 Jul 2009

The restructuring, which is subject to credit committee approval and expected to be finalised by September 18, is split into two parts.

Rusal will pay back $5bn over the next four years. However, principal repayments will be made on a “pay-if-you-can” basis, linked to the price of aluminium. Interest ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%