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The latest announcement is out from United Co RUSAL ( (HK:0486) ).
United Company RUSAL has announced a decision on the procedure for placing a new issue of exchange-traded, non-documentary, interest-bearing, non-convertible bonds under its existing 001P series bond programme. The bonds, designated BO-001P-16, will be offered via open subscription, with pricing and the first coupon rate set in advance by the issuer.
The company will place the bonds by collecting addressable purchase applications at a fixed price and predetermined coupon rate, aiming to secure investor commitments ahead of the placement date. Potential investors are expected to enter preliminary agreements with underwriter Gazprombank, which should support a more predictable placement process and potentially enhance liquidity and price stability for RUSAL’s securities.
More about United Co RUSAL
United Company RUSAL is a major international aluminium producer, operating as a public joint-stock company incorporated in Jersey and continued in the Russian Federation. The company is listed on the Hong Kong, Moscow and SPB exchanges, and targets global metals markets with a focus on primary aluminium and related products for industrial and manufacturing customers.
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