RUSAL, the world's leading aluminum producer, has become the first issuer to place yuan-denominated bonds in Russia. EPAM attorneys acted as legal advisors in the transaction which concluded with the bonds being issued in August 2022.
EPAM attorneys provided legal support in drafting and negotiating the mechanism that will ensure that the investors' interests are protected even in the event of significant changes in currency regulations.
The legal team has also drafted public irrevocable offers from RUSAL group companies, which have become an additional guarantee for investors holding bonds. The bonds are listed on the Moscow Exchange.
RUSAL’s precedent setting placement of yuan-denominated bonds on the Russian domestic market could set an example for other issuers planning to list yuan-denominated bonds.
The core team included Partner, Head of Banking & Finance, Capital Markets practice Dmitriy Glazounov, Senior Associate Vladimir Goglachev and Associate Gilyana Haraeva.