Russia’s RUSAL may agree on $700 mln debt refinancing in late April
MOSCOW, Apr 26 (PRIME) -- Russian aluminum giant RUSAL plans to sign a refinancing agreement for up to U.S. $700 million worth of debt in late April, the company said in a statement on Tuesday.
RUSAL needs the financing to repay a part of a syndicated loan in 2016 and January–March 2017.
The company is to repay a total of about $1.3 billion in 2016. In early March, RUSAL’s Deputy CEO for strategy Oleg Mukhamedshin said the company had repaid a part of this volume, and planned to refinance or repay the remainder with own money.
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26.04.2016 14:02