Rusal plans Russia’s first Panda bond

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By Paolo Danese, Rev Hui
09 Feb 2017

Russian aluminium producer Rusal has registered a prospectus on the Shanghai Stock Exchange for a Rmb10bn ($1.5bn) seven year Panda bond programme, the company said on Wednesday.

Rusal is rated AA+ by China Chengxin Securities Rating and is required to make the first drawdown within the next 12 months. The bond sales can only be executed as private placements and issued at a maximum size of Rmb2.4bn.

“The timeline will probably depend on market sentiment but ...

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