Bloomberg News

Rusal Says Not Seeking to Skip Interest Payments on Bank Loans

December 15, 2011

Dec. 15 (Bloomberg) -- United Co. Rusal, the world’s biggest aluminum maker, hasn’t asked banks to allow it to skip interest payments on loans next year, the company’s press service said by e-mail, denying a report today in Vedomosti.

Rusal has requested lenders temporarily waive covenants on a $4.75 billion pre-export finance loan it signed Sept. 29, a person with direct knowledge of the deal said on Dec. 6.

--With assistance from Jason Corcoran in Moscow. Editor: Torrey Clark

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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