OREANDA-NEWS. July 07, 2010. Metalloinvest Holdings today redeemed most of a loan guaranteed by the Ministry of Finance of Russia. The loan was redeemed by disbursement from the company’s own funds and through refinancing.

“The early redemption was made possible by the stable positive dynamics of the production and financial activities of the Metalloinvest Holding. In the first half of 2010, the total loan debt of the Holding’s units decreased by USD 1 bln, amounting to USD 4.5 bln,” said General Director of Metalloinvest Holding Eduard Potapov. He also emphasized the stabilizing role and effectiveness of state guarantees during the global financial crisis.