Rusal talks covenants with banks

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Rusal talks covenants with banks

Covenants on Russian deals have “quite a lot” of headroom for companies to underperform, said a loans banker on Wednesday, after it emerged that steel firm Rusal was in talks with its banks about covenants on its $4.75bn pre-export financing. The talks were confirmed by a banker on the facility, which was completed in October.

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