UC RUSAL in talks on $2 bln refinancing loan-bankers

LONDON, Aug 14 (Reuters) - United Company RUSAL, the world's largest aluminium producer, is in talks with banks to secure a $2 billion syndicated loan, banking sources said on Thursday. Proceeds will be used to refinance UC RUSAL's $4.5 billion, two-year bridge loan that signed in April this year and was used to back the company's acquisition of a stake of 25 percent plus one share in Russian miner Norilsk Nickel. The loan carried an initial margin of 100 basis points (bps) over LIBOR, rising to 125 bps after 3 months, 150 bps after 6 months, and 200 bps thereafter. UC RUSAL has to repay half of the loan at the end of the year.