Rusal Issues Second Tranche of “Panda Bond”

SHANGHAI, Sept. 4 (SMM) – Rusal issued its second tranche of“panda bonds” on Shanghai Stock Exchange on September 1. 

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These bonds are priced at 500 million yuan, with a tenor of three years and a coupon rate of 5.5%. 

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The “panda bond” is a term for debt sold by overseas companies and issuers in the Chinese mainland renminbi market.

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