Oleg Mukhamedshin

Rusal Achieves Sustainability Benchmarks For 2019 Finance Facility

Rusal Achieves Sustainability Benchmarks For 2019 Finance Facility

Russian Federation aluminium titan UC Rusal announced yesterday its achievement of sustainability benchmarks negotiated in a finance facility signed last year. As a result, the firm will now be assessed a lower interest rate than it has been paying on the loan...

Rusal Successfully Places ₽15 Billion Bond On Moscow Exchange

In the first such move since sanctions from the United States government were removed earlier this year, Russian Federation aluminium titan U.C. Rusal announced the successful placement of a ruble bond on the Moscow Exchange. Rusal’s ruble-based bond placement consisted of a 10-year term with a 3-year put option. The bond’s nominal value was ₽15 […]

Rusal Prices Second Tranche of Historic Panda Bonds

Russian Federation aluminium titan U.C. Rusal has priced the second tranche of Panda Bonds according to an announcement released by the firm yesterday. According to the company’s press release, the second tranche has a total principal amount of CNY500 million (USD76 million, RUB4.4 billion), a tenor of 2+1 years, and a coupon rate of 5.5% […]

Global Aluminium Deficit to Rise to 1.8 MMT in 2018: Rusal’s Mukhamedshin

The second-largest aluminium producer on Earth expects a global aluminium deficit as large as 1.8 million metric tons next year, with the widening divergence between supply and demand due to a drop in output from the People’s Republic of China. UC Rusal’s Deputy Chief Executive Oleg Mukhamedshin predicted the rise from this year’s 1.3 million […]

Rusal Still Committed to 2020 Hydroelectricity Targets: CEO Mukhamedshin

Russian Federation aluminium behemoth UC Rusal hasn’t wavered from its goal of converting entirely to clean energy by the end of the decade, despite the recent departure of the United States from the 2015 Paris climate accord. In remarks to the South China Morning Post, Deputy CEO Oleg Mukhamedshin reaffirmed his company’s commitment to the […]

Rusal Negotiates US$1.7 BN PXF Debt Facility

Russian Federation aluminium mammoth U.C. Rusal announced the successful negotiation of a new debt facility yesterday. The firm intends to use the facility to refinance its existing debt. The new agreement, which is a syndicated Pre-Export Finance Term Facility Agreement (PXF) is for an amount of US$1.7 billion at an interest rate 3M LIBOR+3% per […]