Rusal won a temporary reprive on debt payments
Russia’s heavily indebted aluminum producer, Rusal announced that it has won a temporary reprieve on its debt repayments, after foreign lenders agreed to grant it a two-month extension on US$7.4 billion in loans.
The company officials stated:
UC Rusal has signed a standstill agreement in relation to the restructuring of its debt to the international lending banks.
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Wed, Mar 11, 2009
Post by Mike Rodger, Aluminum Reporter