United Company RUSAL, International Public Joint-Stock Company (RUSAL) has published detailed placement documentation for its BO-001R-16 series exchange-traded bonds under the 001R Bond Programme on the Moscow Exchange.
Key Offering Parameters • Instrument: Uncertificated interest-bearing non-convertible exchange-traded bonds (Series BO-001R-16). • Planned volume: 2.30 million units with a nominal value of CNY 1,000 each, implying a maximum issue size of CNY 2.30 billion. • Offering price: 100 % of par (CNY 1,000 per bond); accrued coupon yield applies from Day 2 of the placement period. • Currency & Settlement: Payment in Russian roubles at the Central Bank of Russia’s CNY/RUB official rate on the trade date; delivery-versus-payment via the National Settlement Depository (NSD). • Placement window: Opens on a date to be set by the issuer; closes upon full allocation or on the third business day after launch, whichever comes first. No tranching is planned. • Method: Open subscription through book-building on the Moscow Exchange; bids submitted via its trading system.
Coupon Structure • Twelve coupon periods are envisaged; the first-coupon rate will be fixed prior to the start of book-building. • Accrued coupon yield (ACY) will be calculated daily using the standard formula based on a 365-day convention.
Intermediaries and Infrastructure • Underwriter & Placement Agent: Gazprombank (JSC); remuneration capped at 1 % of the face value of the issue. The bank has no firm commitment to purchase unsold bonds and no market-making obligation. • Trading organiser: Public Joint-Stock Company Moscow Exchange MICEX-RTS. • Central securities depository: NSD (Non-Bank Credit Organisation National Settlement Depository JSC).
Additional Terms • No pre-emptive rights are granted. • Bonds will not be marketed or placed outside the Russian Federation. • RUSAL is not classified as a strategic enterprise for national defence or state security.
Disclosure The issuer will release further placement timelines and any changes via Russia’s authorised disclosure platforms and corporate newsfeed as required under local securities regulations.