Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Rusal Said to Discuss Refinancing $4.6 Billion Loan Due in 2016

United Co. Rusal, the world’s largest aluminum producer, is holding preliminary talks with international lenders to arrange $4.6 billion of loan refinancing, two people with knowledge of the matter said.

Rusal is seeking new funds to settle the debt with state-run OAO Sberbank, which matures in 2016, the people said, asking not to be identified because the talks are private. They didn’t name the potential new lenders.

Rusal restructured $17 billion of borrowings in 2009 and had debt of $10.8 billion as of Dec. 31, 2012, a presentation posted on the Moscow-based company’s website today shows. Rusal needs to pay $500 million to Russian lenders this year and $1.5 billion to domestic and international lenders in 2014, the presentation shows.

The aluminum company in 2010 arranged a $4.6 billion loan from Sberbank, Russia’s largest lender, at a rate of 4.5 percent above London Interbank Offered Rate, due in 2013 to refinance a similar amount owed to state-run development bank VEB. Sberbank agreed two years ago to extend the loan to 2016.

Officials for Rusal and Sberbank declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.