18 Sep 2009 16:43

RUSAL extends standstill on $7.4 bln debt until end Oct

MOSCOW. Sept 18 (Interfax) - United Company RUSAL (UC RUSAL) has extended a standstill on $7.4 billion of debt to western banks until the end of October because the procedure for agreeing the terms for restructuring debt with a large number of banks will require more time, the Russian aluminum giant said in a statement.