Rusal to tap new loan ahead of bigger refi in 2011

Rusal, the world’s biggest aluminium producer, will approach the loan market for a new trade finance deal before the end of the year, according to Oleg Mukhamedshin, deputy chief executive and head of debt capital markets.

  • 28 Oct 2010

The loan will come ahead of an overall refinancing of its outstanding debt in 2011, which could see a sizeable Eurobond issue. At the end of the first half of this year, the company had net debt of just over $12bn.

“Rusal is very much interested in a potential ...

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