* Rusal's debt deal with creditors requires unanimous
* RBS remains the only yet-to-agree creditor - source
MOSCOW, July 1 Russian aluminium giant Rusal
has approval for a $3.6 billion debt restructuring
deal from another of its creditors German financial services
provider Portigon AG, two sources familiar with
The move brings Rusal, the world's largest aluminium
producer, a step closer to reaching a deal that will revise the
terms of its syndicated debt, giving the company time to turn
itself around after a slump in aluminium prices.
The deal has yet to be approved by one creditor - Britain's
part-nationalised lender Royal Bank of Scotland, one
source told Reuters.
Rusal, Portigon, the successor institute of broken-up German
state bank WestLB, and RBS declined to comment.
The company is trying to reach an agreement with its
creditors at a time when access to Western loans to Russian
companies have been complicated by sanctions imposed by the
European Union and United States earlier this year.
However, eight banks signed a $2 billion prepayment facility
backing the long-term delivery of crude oil products between
Russian oil giant Rosneft and BP last week.
Last week Rusal, whose net debt stood at $10.3 billion at
the end of March, said in the absence of unanimous support it
would apply to courts in England and Jersey to approve "a scheme
of arrangement" which would push through the debt deal.
Its applications are expected to be heard by the High Court
of Justice in London on July 10 and by the Royal Court of Jersey
on July 15.
(Reporting by Polina Devitt and Andrey Kuzmin in Moscow,
Matthias Inverardi in Duesseldorf and Sandrine Bradley in
London; Editing by Elizabeth Piper and David Evans)