Moscow, 25 January 2018 - UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce successful pricing of a third Eurobond transaction with the following key parameters: size USD500 million, maturity 5 years. The placement was more than three times oversubscribed. The Eurobond is priced with a coupon rate of 4,85% per annum. This is lowest rate for unsecured US dollar-denominated debt in RUSAL's portfolio.

More than 100 investors from Europe, Americas, Russia and Asia participated in the order book for RUSAL's new Eurobond issuance, which exceeded USD 1.5 bn.

Proceeds from the issuance are intended to be used mainly for the refinancing of the Company's current indebtedness, which will allow to further optimize the Company's debt portfolio and reduce the average cost of borrowings.

Vladislav Soloviev, CEO of RUSAL commented:

'The successful placement of our third Eurobond issue is an additional testimony of RUSAL's attractive investment case, which continues to enjoy strong support from global investor community. This transaction further improves debt profile and its ability to pursue new business opportunities'.

Background information:

In February 2017, RUSAL completed the debut offering of Eurobonds with the following key terms: principal amount of USD600 million, tenor of 5 years, coupon rate of 5.125% per annum.

In May 2017, s RUSAL successful priced the second Eurobond transaction with the following key parameters: size USD500 million, maturity 6 years, coupon 5.3%.


United Company RUSAL plc published this content on 25 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2018 18:14:01 UTC.

Original documenthttps://rusal.ru/en/press-center/press-releases/20893/

Public permalinkhttp://www.publicnow.com/view/625BCE404C0C02B09DAC59D03825C68CFA75363E