New Issue: Russia’s Rusal prices $500 million 5.3% six-year notes at par

By Colin Hanner

Chicago, April 26 – United Company Rusal plc priced $500 million six-year bullet notes at par on Tuesday to yield 5.3%, the company said.

Price talk was 5.3% after tightening from 5.3% to 5 3/8%, a market source said.

J.P. Morgan Securities plc, VTB Capital, Citigroup, Credit Suisse, Gazprombank, RenCap, Sberbank and Sovcombank were bookrunners for the Rule 144A and Regulation S deal.

The notes will be issued via Rusal Capital DAC, a wholly owned finance subsidiary of United Company Rusal, a Moscow-based aluminum company.

Issuer:	Rusal Capital DAC
Guarantors:	United Company Rusal plc, RTI Ltd., JSC Rusal, OJSC Rusal
Description:	Notes
Amount:	$500 million
Maturity:	2023
Bookrunners:	J.P. Morgan Securities plc, VTB Capital, Citigroup, Credit Suisse, Gazprombank, RenCap, Sberbank and Sovcombank
Coupon:	5.3%
Price:	Par
Yield:	5.3%
Call option:	Non-callable
Trade date:	April 26
Settlement date:	May 3
Distribution:	Rule 144A and Regulation S
Price talk:	5.3%, tightened from a 5.3% to 5.325%

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