Related News
Rusal eyes US$1.5b Panda bond issuance
Print Edition
RUSSIAN aluminum giant Rusal aims to sell 10 billion yuan (US$1.5 billion) bond on the Shanghai Stock Exchange amid rising foreign interest to raise funds from the onshore market.
Part of the proceeds from the planned seven-year bond will be used in China to procure materials needed for Rusal enterprises, the company said in a statement.
It will be the first Russian firm to issue a Panda bond — a yuan-denominated bond sold in China by a non-Chinese issuer.
It is also the first overseas company with global operations outside China that is seeking to sell bonds to investors in the Chinese debt market.
“The Asian market, and China in particular, has always been an important strategic location for Rusal,” said CEO Vladislav Soloviev. “I am confident that the planned issue of Panda bonds will also be very attractive for Chinese investors and will further facilitate Rusal’s long-standing collaboration with its Asian partners.”
The company, which will start a roadshow in Shanghai this week, has 12 months to decide on the bond placement.
The issuance of Panda bonds has been increasing in recent years amid the opening-up of the domestic capital market and tight liquidity in the offshore yuan market.
The issuance of Panda bonds increased to 117 billion yuan last year from 13 billion yuan in 2015, according to data with GlobalCapital.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
