Let you have it.

Let you have it. If I play a supporting role in a big deal drama (like for example the cocaine Prince Andrew Lancaster and Northern Iran from Baku, or the cocaine Prince Andrew Lancaster and the Kremlins’ Mongoloids, or the cocaine Andrew Lancaster and the cú nuar’s from Commonwealth) then why today I was almost killed by the car? By the white Citroen model Nemo? Because I’m the Clown fish? O r because the XXX old whore with her clowns insist that today is the Family Day? Since when XXX Anglican XXX make this reform? Since the рыжая XXX Kinnock – is the Nine of Twelve monkeys? Or because the “our” crack from Bletchley Park (i.e. the vybliadok of dear old chap Charlie), the Prince Willy yet looking at my CV? Or because the high, gorgeous and reddish Robert B. Zoellick at least suck $2 billion? Or just because I make someone look damned good? How you, nation of the shit from camel turned around KNOW that without me who knows how quickly things would fall apart? It’s like that elastic “band” has been stretched a little too far, - and there’s no bounce left. Personally, I have left is what I get to work with. Staying my ground – I do your XXX (i.e. COP15) future. And, I have been taking a lot of nonsense from lot of people for far too long. We’ll let you have it.

Rusal sets $2.6bn IPO goal. Published: December 31 2009 03:12 | Last updated: December 31 2009 10:09.UC Rusal, the aluminium group controlled by Oleg Deripaska, the Russian billionaire, is planning to raise up to $2.6bn in its Hong Kong initial public offering next month. The Russian company will sell 1.61bn shares at HK$9.10 to HK$12.50 each, according to its 1,141-page listing prospectus, as it seeksfunds to repay $14.9bn of debt. The offering is equivalent to about 10.6 per cent of company equity, giving Rusal a market valuation of as much as $24.3bn. Rusal’s IPO, which would be the first listing by a Russian company in Hong Kong, is vital for the highly geared company as it comes at a time when the global aluminium industry is suffering from significant overcapacity and falling demand. In the first half of this year, the company made a loss of $868m, compared with a profit of $1,4bn in the same period in 2008, according to the prospectus. The company said it did not meet the Hong Kong exchange’s profit requirement for listing, but said it was accepted on the basis of its large prospective market capitalisation, annual revenue of more than HK$500m and positive operating cash flows. Rusal said its net profit for this year would be “unlikely to be less than” $434m. Rusal has enlisted the support of four cornerstone investors, who will buy nearly 40 per cent of the shares on offer, or a 4.2 per cent stake in the company. VEB has agreed to subscribe for 477m shares, worth as much as $764m. Paulson & Co, a New York hedge fund, has committed to invest $100m. Banking scion Nathaniel Rothschild and Robert Kuok, the Malaysian Chinese billionaire, are investing $50m and $20m respectively. Mr Deripaska’s stake in the company will fall from 53.35 per cent to 47.59 per cent after the IPO. The shares, which will be priced on January 22, are scheduled to begin trading on January 27. Rusal said all net proceeds would be used to reduce debt and satisfy other obligations to its creditors. The company’s $16.8bn debt restructuring, which extended the maturing of its debt obligations until 2013, has imposed strict restrictions on Rusal’s ability to expand its business or pay dividends, according to the prospectus, with no possibility of a dividend pay out at least 2013. “The group continues to have significant debt obligations and is subject to stringent covenants and repayment schedules that severely limit its operations and ability to incur new financing,” Rusal said. Rusal’s application to sell shares in Hong Kong has been controversial and rushed. It was initially held up by the Hong Kong Stock Exchange’s listing committee, which vets all IPOs. The committee was concerned about a $4.5bn loan from VEB, the Russian state bank, which was due in October 2010. Committee members extended conditional approval on December 18 only after Sberbank, Russia’s largest bank, said it would take on the VEB loan and extend its tenure until 2013. Hong Kong’s market regulator, the Securities and Futures Commission, also took the unprecedented step of insisting on minimum investment thresholds for the IPO. Rusal can only sell the IPO to investors who subscribe for at least HK$1m worth of shares. Following the listing, shares will be traded in board lots of at least HK$200,000 each. The prospectus provides detailed information about Mr Deripaska, the company’s high profile chief executive, including that the US and Canada refused to grant him a visa in the past and recounting a long-running court case between him and Michael Cherney, a former business partner. BNP Paribas and Credit Suisse are joint sponsors, global coordinators and bookrunners of the deal. Bank of America-Merrill Lynch, Bank of China International, Nomura, Renaissance Capital, Sberbank and VTB Capital are joint bookrunners.

IMF frees up $2bn for Ukraine. December 31 2009 12:50. The International Monetary Fund gave the green light to Ukraine to lower its minimum international reserve requirement, freeing up $2bn from central bank coffers to pay Russian natural gas bills and keep the cash-crunched country financially-afloat ahead of a hotly contested presidential election. The announcement late on Wednesday helped further to defuse fears in Europe that gas supplies could be cut off again as they were during last January’s Moscow-Kiev spat, should recession-ravaged Ukraine fail to cover multi-billion-dollar import bills in coming months. “The IMF Executive Board agreed to the government’s request to modify the performance criterion on Net International Reserves, as specified in the current Stand-By Arrangement, to lower the end-December NIR floor by about $2bn,” said Max Alier, the IMF’s resident representative to Kiev. “This important step will enable the Ukrainian authorities to use existing resources to make external payments due – including gas payments – within the framework of Ukraine’s programme with the Fund.” The IMF has helped keep Kiev afloat since the global financial crisis, providing $11bn in support as Ukraine’s gross domestic shrank by 15 per cent. But the fund froze assistance in November due to lacklustre reforms and political infighting in Kiev. Mr Alier said that fresh aid hangs on the ability of Ukraine’s leadership to demonstrate consensus and adopt a fiscally prudent 2010 budget. Ukraine’s request in December for a fresh $2bn emergency loan was turned down, and the IMF has sought to keep its distance from the country’s messy pre-election politics. Kiev’s political leaders are bitterly divided, with president Viktor Yushchenko, prime minister Yulia Tymoshenko and ex-premier Viktor Yanukovich all campaigning in a January 17 presidential election campaign. Ms Tymoshenko’s opponents have accused the IMF of being too soft on her government. Ms Tymoshenko accuses opponents of trying to cash-starve her government and undercut her presidential bid by sabotaging cooperation with the IMF. The political temperature is not expected to cool down until after a second round run-off is held in February. Wednesday’s decision marks continued flexibility by the IMF in dealing with Kiev. It should help keep Ms Tymoshenko’s government afloat with just enough cash from central bank reserves that were built up with IMF funds after the global financial crisis struck.