OREANDA-NEWS. In august Societe Generale Group and Rosbank, OJSC JSCB (together “Societe Generale”) as Mandated Lead Arrangers announced that it has entered into a facility agreement with JSC “Polymetal” (LSE, MICEX, RTS: PMTL) for the total amount of USD 100 mln (“the Agreement”) in term 3 years. The funds to be drawn down under the Agreement will be used to repay Polymetal Group's existing loans and finance ongoing operations.

Irina Usacheva, senior vice-president of Rosbank commented:

"The history of cooperation of the Societe Generale Group and the Group "Polymetal" started in 2004. Since then, we actively support the company in its constant efforts to become a leading group for the extraction of precious metals in Russia and the CIS. Rosbank continues to actively develop cooperation with the largest Russian natural resources companies".