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Rusal agrees refi with Sberbank

11 August 2010

Rusal, has reached agreement with Sberbank on a proposed $4.59 billion loan to refinance the $4.5 billion loan originally extended by Vnesheconombank (VEB) in November 2008.

The $4.5 billion VEB loan was made at a time when individual loans from VEB were limited to $2.5 billion. An exception was made for...

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