New York, Jan. 25 – United Co. Rusal plc priced $500 million of 4.85% notes due 2023 (-/-/BB-) at par, according to a company announcement.
Citigroup, J.P. Morgan and VTB Capital plc are global coordinators and also bookrunners along with Credit Bank of Moscow, Credit Suisse Gazprombank, Natixis, Renaissance Capital, Sberbank CIB, Sovcombank and UniCredit Bank.
The notes were sold through Irish subsidiary Rusal DAC under Rule 144A and Regulation S following investor meetings in Europe, north America and Asia.
Proceeds will be used to refinance debt and for general corporate purposes.
The offering was originally announced as a sale of green bonds but that use of proceeds was dropped from the final offering.
Rusal is a Moscow-based aluminum company.
| Issuer: | Rusal DAC (United Co. Rusal plc)
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| Issue: | Notes
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| Amount: | $500 million
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| Maturity: | 2023
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| Coupon: | 4.85%
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| Price: | Par
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| Bookrunners: | Citigroup, J.P. Morgan, VTB Capital plc (global coordinators), Credit Bank of Moscow, Credit Suisse Gazprombank, Natixis, Renaissance Capital, Sberbank CIB, Sovcombank, UniCredit Bank
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| Rating: | Fitch: BB-
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| Pricing date: | Jan. 25
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| Settlement date: | Feb. 1
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| Distribution: | Rule 144A, Regulation S
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| Marketing: | Roadshow
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