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News

UC Rusal makes debt repayments totalling US$529 million

UC RUSAL : 26 April, 2011  (Company News)
Aluminium producer UC Rusal is making further debt repayments in the total amount of approximately US$529 million to its international and Russian lenders under the International Override Agreement (IOA).
The debt repayment in the amount of approximately US$517 million was made on 20 April 2011 with additional US$12 million to be prepaid till the end of April using the funds received from the recent successful ruble bond issue, Series 08, by OJSC Rusal Bratsk. The total amount repaid by the Company to the lenders since the Override date (excluding repayments made under the refinancing of the VEB loan) totaled approximately US$4 billion.

Rusal makes debt repayments ahead of schedule and actively uses new tools to raise capital, which helps the Company to reduce debt service costs and to improve the debt structure.
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