Rusal issues exchange-traded bonds, making a strategic move to raise capital
United Company (UC) Rusal, the world's second-largest aluminium company by primary production output, has announced the issuance of non-documentary interest-bearing non-convertible exchange-traded bonds under the BO-001P-14 series. With over 11 million bond pieces, each has a nominal value of RMB 1,000. The firm has set a maturity date of 728 days, which will begin from the start of the bond placements. Is this a strategic financial decision?
Image source: wikipedia.com
The firm has issued nearly 11 million bonds, a strategic financial move for raising capital via an open subscription made under the Moscow Exchange. These bonds of the firm have been included under the "Second level" section of Moscow's Exchange list of securities, which is also subject to trading.
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