HONG KONG, April 9 Shares in Russian aluminium
giant Rusal jumped more than 6 percent on Wednesday
after lenders agreed not to take action against it on any
defaults for up to three months, as it revises terms on up to
$5.15 billion in debt.
Rusal said it is continuing to seek agreement from its
lenders to defer repayment dates and revise covenants on up to
$4.75 billion of syndicated facilities and $400 million of
syndicated facilities that would be combined into a single
The shares rose as high as HK$2.92, outpacing a 1.1 percent
rise in the benchmark Hang Seng Index.
(Reporting By Alice Woodhouse; Editing by Richard Pullin)