OREANDA-NEWS. September 25, 2012. Metinvest B.V., a parent company of the international vertically integrated steel and mining group of companies (jointly referred to as "Metinvest"), announces that it has secured a Euro 25 million ten-year buyer credit facility (the "Facility") covered by Euler Hermes Deutschland AG, the German export credit insurance agency (the "ECA"). Deutsche Bank acted as Sole Arranger and Sole Lender of the Euler Hermes-covered loan.

The facility bears an interest margin of 1.95% per annum. The proceeds of the facility will be used to finance the construction of a pulverised coal injection unit ("PCI") at Yenakiieve Iron and Steel Works by Kuttner GmbH & Co. KG., a German industrial manufacturer.

Sergiy Novikov, Chief Financial Officer of Metinvest, commented: "This facility is the first ECA-covered loan secured by our Group, and it is the largest ECA-covered facility provided by Deutsche Bank to a Ukrainian company to date. It will enable us to proceed with the construction of the PCI unit which is a key part of our technological upgrade programme."