UC Rusal has agreed again with Sberbank about credits restructuring

UC Rusal has agreed again with Sberbank about the restructuring of credits for a total sum of $5 billion. The terms of refinancing are not made public. UC Rusal raised a 3-year contract in Sberbank for $4.6 billion in 2010 for refinancing of VEB credit for purchase of the blocking shareholding in Norilsk Nickel on which the shareholding was pledged.

In 2013, UC Rusal prematurely paid off a part of the debt to Sberbank at a rate of $620 million raised for 2.03% in Norilsk Nickel sold to Millhouse. It was the clause for cessation of the conflict in Norilsk Nickel closed by the owners of the company, the CEO and the majority shareholder of UC Rusal O. Deripaska, the owner of Interros V. Potanin and the owner of Millhouse R. Abramovich.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer