RUSAL Appoints Gazprombank as Underwriter for New Exchange-Traded Bond Issue

United Co RUSAL ( (HK:0486) ) just unveiled an announcement.

United Company RUSAL has designated Gazprombank (JSC) as the underwriter for a new issue of exchange-traded, non-documentary, interest-bearing, non-convertible bonds of the BO-001P-16 series under its existing 001P bond programme. The decision, which the issuer considers material for the valuation of its securities, covers the handling of the bond placement and associated payment details, signaling further use of domestic capital markets to support its financing strategy.

The bonds have not yet been assigned ISIN and CFI codes at the time of disclosure, indicating the issuance is in a preparatory phase. By engaging a major Russian financial institution as underwriter, RUSAL is reinforcing access to local debt investors and potentially strengthening liquidity and pricing support for its securities in the Russian market.

More about United Co RUSAL

United Company RUSAL is an international public joint-stock company and one of the world’s major aluminium producers, with its securities listed in Hong Kong, Moscow and Saint Petersburg. The company operates in the metals and mining sector, focusing on aluminium production and related financial instruments in the Russian and international capital markets.

For a thorough assessment of 0486 stock, go to TipRanks’ Stock Analysis page.