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Rusal looks to a brighter future
25 March 2010
Catching up with Rusal’s director of capital markets, Oleg Mukhamedshin, is not always easy. But on a recent visit to London, he found time in between meeting trade bankers to have a chat with Jonathan Bell.
Read more:
Rusal
Rusal restructuring
Alfa Bank
Oleg Mukhamedshin
Russian Aluminium
Boguchanskoye Energy
Hong Kong IPO
Most of last year was a nightmare for Russian aluminium producer Rusal, just as it was for the major creditors of the company. But, possibly against all the odds, the company and the creditors reached an historic agreement on debt rescheduling (Trade Finance, September 2009, p62-63) and the company launched their successful IPO in December 2009.
Now, with a new financial base, Rusal is in a much more healthy position than this time 12 months ago. And, as demand begins to return and the market starts to pick up, aluminium prices are rising and the company is looking at much better prospects. However, having been through such a tough time, the company is highly aware of its commitments and is rightly treading conservatively.
Trade Finance (TF): How has the corporate standing and the financial position of Rusal changed following the debt restructuring agreements with international commercial banks as well...
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