United Co RUSAL (HK:0486) has released an update.
United Company RUSAL, an international public joint-stock company, has issued an announcement regarding the purchase of its own series BO-06 bonds, following an obligation set by the General Director. The purchase price is set at 100 percent of the nominal value plus any accumulated coupon income, with a payment deadline of August 5, 2024. This mandatory buyback was triggered by a previous order that left interest rates for certain coupon periods undefined, necessitating the repurchase of bonds from owners who declare their requirements within a specified timeframe.
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