Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from United Co RUSAL ( (HK:0486) ).
United Company RUSAL has announced that its new BO-001P-16 series exchange-traded bonds, denominated in Chinese yuan, have been admitted to trading on the Moscow Exchange. The bonds, which are non-documentary, interest-bearing, non-convertible instruments with a 1,092-day maturity, are included in the second-level section of the Moscow Exchange’s list of securities and will be traded during their placement.
The admission of these yuan-denominated bonds expands RUSAL’s access to the Russian debt capital markets and underscores its strategic use of Chinese currency instruments for funding. This move may enhance the company’s financial flexibility and diversify its investor base, aligning its financing structure with growing renminbi-linked flows in the Russian market.
More about United Co RUSAL
United Company RUSAL is a major international public joint-stock company in the aluminium industry, engaged in the production and sale of aluminium and related products. The company is listed in Hong Kong and on Russian exchanges, including the Moscow Exchange, and targets both domestic and international capital markets for its financing needs.
For a thorough assessment of 0486 stock, go to TipRanks’ Stock Analysis page.