Metinvest Raises USD 700 mln
OREANDA-NEWS. July 21, 2010. Metinvest, the vertically integrated Ukrainian steelmaker, has raised USD 700mn via syndicated loan, a major local newspaper reported July 20. The loan has been granted for five years with the interest rate at LIBOR+3%
Millennium Capital deems this news as positive for METINV. Notwithstanding Moody’s downgrade of the company rating, Metinvest succeeded in borrowing a considerable amount of capital at a competitive interest rate.
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