Societe Generale

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...

EGA Inks US$6.5 Billion Debt Refinancing Loan

Emirates Global Aluminium PJSC (EGA) announced yesterday the successful completion of a US$6.5-billion term loan facility backed by a contingent of several regional and global financial institutions. EGA’s new note is a senior unsecured facility with a tenor of seven years and a flexible repayment profile, allowing the firm to be more agile in its […]

EGA Mulling Debt Refinance

UAE aluminium smelter Emirates Global Aluminium PJSC (EGA) is planning to refinance up to US$6.7 billion of its outstanding debt according to sources who spoke to industry media earlier this week. According to sources, the new deal will include refinancing some portion of the US$4.9-billion loan entered into by EGA in the spring of 2016 […]

Aluminium Rides Crest of Industrial Metals Wave to New High

A weaker dollar helped propel aluminium to peak above its 50-day and 100-day moving averages on Wednesday, gaining 1.8 percent and closing the day at US$2,177.50 per metric ton. Softness in the greenback motivated increased investments in metals across the board, as investors sought to protect against value erosion explained Societe Generale analyst Robin Bhar. […]

Experts See Increasing In-Roads in Western Aluminium Industry by Chinese Firms

Industry analysts see an expansion of aluminium firms from the People’s Republic of China into the worldwide automotive and aerospace markets. Such a move may set off a frenzied buying spree of Western metals companies by Chinese firms, they predict. According to experts, Chinese firms are moving into the more lucrative areas of the aluminium […]