16 AUGUST 2011bloomberg
Rusal Gets Reduced Rate, Extension on $4.6 Billion Sberbank Loan
Edited by : AL CIRCLE
1 min read
OAO Sberbank, Russia’s largest lender, reduced the interest rate and extended the maturity on a $4.6 billion loan to United Co. Rusal, the world’s largest aluminum producer said.
The interest rate was cut to the London interbank offered rate plus 4.5 percent annually, Rusal said in a statement posted to Business Wire. The loan will mature five years after the amended agreement is signed, according to the statement.
The interest rate was cut to the London interbank offered rate plus 4.5 percent annually, Rusal said in a statement posted to Business Wire. The loan will mature five years after the amended agreement is signed, according to the statement.
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