UC Rusal Closes 7-Year $2.35 Billion Syndicated Loan At Libor +0.8%

MOSCOW -(Dow Jones)- United Company Rusal, the world’s biggest aluminum producer by volume, said Tuesday it had closed a $2.35 billion seven-year syndicated loan.

The loan carries an average interest rate of London Offered Interbank Rate, or LIBOR, plus 0.8%.

The bank syndicate for the loan, which was increased from $2 billion planned originally, includes ABN Amro (AABPL.KA), BNP Paribas SA (BNQP) and Citigroup ©, the company said.