UPDATE: Rusal signs standstill, focus shifts to restructuring plan

Russian aluminium company Rusal has signed a standstill agreement with its domestic and international lenders, giving it two months to restructure its debt, which the company puts at $14bn. Roughly half of that is held by foreign lenders, it emerged after Rusal disclosed further details surrounding the restructuring.

  • 06 Mar 2009
International lenders’ exposure to Rusal totals $7.4bn, and the borrower said the standstill agreement covered more than 30 transactions, including syndicated loans, bilaterals, bank guarantees and letters of credit. It disclosed that over 70 banks were involved in the negotiations, although Rusal said the standstill had received the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%