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

En+ MKPAO

23/03/2023 10:51

MOSCOW, March 23 (Reuters) - Russian aluminium producer
Rusal  0486.HK  entered a credit line worth up to $4.4 billion
with a Russian bank in February, its parent company En+
 ENPG.MM  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)