International investors stick with Rusal debut despite tight pricing
Russian supply returned to the eurobond markets this week with a hugely successful debut deal from aluminium producer Rusal and the promise of further dollar supply from Polyus Gold.
Rusal’s inaugural five year note drew strong demand from both domestic and international investors, allowing the borrower to increase the issue and achieve substantial price tightening.The final yield of 5.125% was at the tight end of the guidance range and 25bp inside initial price thoughts of 5.375% area, ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org