Russian aluminum giant RusAl is considering floating its stock in North America, the company's capital market director Oleg Mukhamedshin said in an interview with Russia Today international TV channel on Monday.
"We are considering various options. One idea is to get a listing in North America. We are visiting our investors and studying demand. If there is demand, we need to examine it seriously," Mukhamedshin said.
He said there would be no placing of new share issues and RusAl has not yet chosen a particular stock exchange, and it was too early to discuss other details of the placement.
RusAl shares are traded in Paris and Hong Kong, where RusAl held an initial public offering in early 2010. Russia's top bank Sberbank issued Russian Depository Receipts (RDR) for RusAl for the first time at the end of 2010.
Mukhamedshin also said RusAl planned to raise a $4 billion syndicated loan by the end of this year to restructure its debt.
The company has announced its intention to restructure its $5 billion debt during 2011. RusAl has already sold 15 billion rubles worth of ruble-denominated 07 series bonds and is currently placing an 08 series issue of the same size.
RusAl will also raise a $1.2 billion loan to finance construction of a new aluminum smelter in Taishet in East Siberia with a 750,000 ton per year output, Mukhamedshin said.
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