Russia's Rusal, the world's largest aluminum producer, intends to issue UAE dirham-denominated bonds on the Moscow Stock Exchange.
The company aims to collect orders with a value of no less than 350 million dirhams (equivalent to 95.37 million dollars) from investors on September 6; According to RT Network.
Rusal plans to issue bonds with an annual return of 6 percent, provided that the issuance is organized by Gazprom Bank, and the nominal value of the bonds is 1,000 dirhams.
It is noteworthy that the Moscow Stock Exchange announced last year 2022 the expansion of the list of currencies traded in it, against the background of the sanctions imposed on Russia, and among the 9 currencies traded were the UAE dirham.
