«RUSAL» will be placed five-year Eurobonds for $ 500 million, the source said

© AP Photo / Amr NabilМужчины near the banner with the image of the us dollar near the exchange point. Archival photo«RUSAL» will be placed five-year Eurobonds for $ 500 million, the source said© AP Photo / Amr Nabil

«RUSAL» will be placed five-year Eurobonds with a volume of $ 500 million with a yield of 4.85%, reported RIA Novosti a source in banking circles.

The company initially focused investors in profitability of around 5%, but in the course of collecting the applications lowered the benchmark to 4,85-of 4.95%.

According to recent reports, investor demand for the bonds exceeded $ 1.5 billion.

«RUSAL» from 22 to 24 January held in Moscow, London, new York, Boston, Hong Kong, Singapore and Frankfurt meetings with investors on the placement. The company planned to issue Eurobonds with repayment in five to seven years.

The organizers are Citi, J. P. Morgan, «VTB Capital», Credit Suisse, Gazprombank, Natixis, «Renaissance capital», Sberbank CIB and Unicredit.

Source