OREANDA-NEWS. December 08, 2010. The FFMS has registered an issue and prospectus of Russian Depository Receipts by Sberbank, which certify the ownership right for Rusal common shares. The maximum number of RDR from the current issue that can be in circulation at one time is limited at 2 bn. The security par value is USD 0.01. The listing is due by open subscription. Sberbank is the RDR issuer and depository and VTB Capital is the issue financial consultant.

The receipts are to be trade in the RTS and the MICEX. Rusal was authorized to issue no more than 2 bn RDRs, each including 10 company shares. Rusal has a total of 20 bn registered shares; of them 15 193 014 862 were physically issued. In January 2010, the company placed 10.64% of common shares in an IPO on the HKEX. The RDR issue means to cover the shares floated in Hong Kong. The issue to is be arranged by the end of 2010 and should become the first ever RDR issue in Russia.