International news within the industry of mining and metal, Sep, 22 2017
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United Company RUSAL plans to raise $75.81m

A second tranche of Panda bonds

Photo: Rusal
Photo: Rusal
Published by
Peter Höök - 08 Sep 2017

United Company RUSAL plans to raise $75.81m through a second tranche of Panda bonds. The bonds will have a coupon rate of 5.5% a year and a tenor of at least two years.

United Company RUSAL (Russian: ОК РУСАЛ, /OK RUSAL/) is the world's second largest aluminium company by primary production output (as of 2016) It was the largest until overtaken by China Hongqiao Group in 2015. UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production.

The company has engaged China International Capital Corporation as the arranger and underwriter for the offering.