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UC Rusal to Issue $200m Bonds in 2008

Wednesday, May 28, 2008
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Moscow, May 27--United Company RUSAL plans to issue European bonds or secure loan from another consortium for its 50% of the $4.5-billion loan, said the world’s largest aluminum producer on Monday. “We may issue the European bonds by the end of this year, or secure another consortium, and the total value is $2 billion.”, said a spokesman from the company. UC Rusal has secured a two-year bridging loan worth $4.5 billion for financing for the captive Norilsk Nickel. UC Rusal should pay half of the loan by the end of this year. COPYRIGHT All rights reserved. The copying, republication or redistribution of WAM News Content, including by framing or similar means, is expressly prohibited without the prior written consent of WAM.

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