By Christine Van Dusen
Atlanta, April 15 - Russia's United Co. Rusal plc priced RUB 15 billion notes with a coupon of 8½%, according to a company filing.
The notes came in below price talk, which was set at the 8.7% to 9% area.
After the four years, the bonds will be subject to a put option and a coupon rate revision.
This new deal follows the company's March 1 pricing of RUB 15 billion notes due 2018 with an 8.3% coupon, according to a company announcement.
The notes priced below initial guidance of 9% to 9½% and include a put option in 2014.
Rusal is an aluminum company based in Moscow.
| Issuer: | United Co. Rusal plc
|
| Amount: | RUB 15 billion
|
| Description: | Notes
|
| Coupon: | 8½%
|
| Put option: | Putable after four years
|
| Trade date: | April 14
|
| Price talk: | 8.7% to 9%
|
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