Bank of China participates in $406 million syndicated loan to UC Rusal to facilitate partial early prepayment on another loan

In February 2013, UC Rusal — a Russian aluminum company — signed a $406 million syndicated loan agreement with a group of banks to make partial early debt prepayment on a previous $4.75 billion syndicated loan facility (which was signed on September 29, 2011 and does not appear to have included any Chinese financing). Participants in the loan syndicate included ING Bank N.V., Bank of China (UK) Limited, OJSC Nordea Bank, UniCredit Bank Austria AG, ZAO UniCredit Bank, Raiffeisen Bank International AG, and Société Générale. ING Bank N.V. served as the coordinating mandated lead arranger, and Bank of China (UK) Limited and OJSC Nordea Bank as the mandated lead arrangers. UniCredit Bank Austria AG, ZAO UniCredit Bank, Raiffeisen Bank International AG and Société Générale served as the senior lead arrangers.

Additional details

1. The size of Bank of China’s contribution to the $406 million syndicated loan is unknown. For the time being, AidData assumes that all 7 known members of the syndicate made equal contributions ($58,000,000). 2. As of 2016, UC Rusal's biggest shareholders are En+ Group with a controlling stake of 48.13%, along with Onexim Group (13.7%) and SUAL (15,80%). 8.75% is owned by Amokenga Holdings, Toni Shterev owns 00.1% of the shares of Rusal, a wholly owned subsidiary of Glencore.

Number of official sources

4

Number of total sources

4