UC Rusal will place its debut five-year Eurobond issue to the amount of $600 million with a coupon rate of 5.125% - the company has announced the successful determination of the offering price.
"We are pleased that our debut Eurobond issue has attracted interest from such a wide range of international investors. UC Rusal has successfully opened new market of borrowing. This transaction strengthens the company's position through diversification of funding sources and improvement of debt structure, "- said general director of the company Vladislav Solovyov.
The funds will be used to refinance loans.