RUSAL mulling rouble bond to raise $500 mln-report

MOSCOW, March 17 - UC RUSAL <0486.HK> <RUAL.PA>, the world's largest aluminium producer, is mulling a rouble bond issue worth $500 million, the news agency Interfax reported on Wednesday.

The agency, citing RUSAL'S head of capital markets Oleg Mukhamedshin, said the bond, with a maturity of three to four years would be used to help refinance outstanding debt.

The company has $12.9 billion in borrowings, with $4.5 billion due in October.