OREANDA-NEWS. August 10, 2010. EuroChem is pleased to announce the signing of a USD 250m, 5-year bilateral credit line with Nordea Bank. 

EuroChem CFO Andrey Ilyin said: “This facility marks another important step for EuroChem in securing the long-term financing necessary for our potash and other strategic projects.”

EuroChem Head of Corporate Finance Alexander Gavrilov said: “I am pleased that we have once again confirmed that EuroChem is able to attract long-term funds at attractive rates.  Our recent experience with banks and the rouble bonds market show that investors view EuroChem as a high-quality borrower.”

Nordea Bank deputy CEO Mikhail Polyakov said: “Nordea Bank has been working with EuroChem since 2008.  The signing of this credit line marks a notable milestone in our cooperation and will open new possibilities to develop our strategic partnership.”