Rusal entered $4.4 bln credit line with Russian bank in February

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 23 (Reuters) - Russian aluminium producer Rusal entered a credit line worth up to $4.4 billion with a Russian bank in February, its parent company En+ said in a corporate filing on Thursday, without naming the bank. Rusal withdrew 15.8 billion Chinese yuan ($2.3 billion) from the credit line at an interest rate of 4.75% in early February to refinance debt, the company said. The credit line will last until Dec. 24, 2027, it added. En+ Group's net debt grew 18% in 2022 to $10.1 billion, the company said on Thursday, mainly due to a 31.8% increase in Rusal's debt to $6.3 billion.


($1 = 6.8279 Chinese yuan) (Reporting by Anastasia Lyrchikova Editing by Gareth Jones)

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