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RUSAL plans to offer panda bonds worth 1 bln yuan

February 27, 2017 | Prime

Russian aluminum giant UC RUSAL plans to offer up to 1 billion Chinese yuan worth of panda bonds with a 3-year maturity, Bloomberg reported on Monday quoting sources.

RUSAL hired China International Capital Corp (CICC) to organize the placement, and held a road show in Asia on February 20–February 25, the agency said.

RUSAL registered the bond prospectus totaling up to 10 billion Chinese yuan on the Shanghai exchange in early February, and the company said then it will become the first foreign company with main assets located outside China that may offer bonds at the Chinese debt market through placement on the Shanghai Stock Exchange.

In October 2016, RUSAL Deputy CEO Oleg Mukhamedshin said the company studied three possible options for refinancing of its debt: a Eurobonds placement, a multi-currency 70 billion ruble bond program registered on the Moscow Exchange, and an issue of panda bonds.

Company: RUSAL Plc

Full company nameUnited Company RUSAL Plc
Country of riskRussia
Country of registrationJersey
IndustryNon-ferrous metals


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