April 9, 2014 / 2:42 AM / 4 years ago

Rusal shares jump after lenders agree breather on $5.15 bln debt

HONG KONG, April 9 (Reuters) - 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 facility agreement.

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)

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