MOSCOW, Oct 31 (PRIME) -- Russian aluminum producer RUSAL plans to offer at least 500 million Chinese yuan of 2.5-year exchange bonds on the Moscow Exchange on Friday, a financial source told PRIME on Tuesday.
The coupon guidance was capped at 6.8% annually.
The issue envisages semiannual coupons. The technical placement is preliminarily scheduled for November 10. BCS CIB, Russian Regional Development Bank, Gazprombank and investment bank Sinara are the organizers of the placement.
Settlements during coupon payment and upon maturity are envisaged in the yuan with a possibility of ruble payment on request of an investor.
End
|
|
