EvrazHolding obtains foreign loan
According to recent news in the market, Russian steel producer EvrazHolding declared that it has acquired a syndicated loan of $100 million which will be divided into two for its mills Nizhny Tagil Iron and Steel (NTMK) and West Siberian Iron and Steel (ZapSib). The officials from EvrazHolding stated that the loan will be used to finance working capital needs and
investments of the group. The credit is secured by export sales of EvrazHolding.
The loan is granted by Commerzbank Aktiengesellschaft of
Germany, Moscow Narodny Bank Limited, located in
UK and SG Corporate & Investment Banking of
France.
Moreover, this loan is stated to be the third foreign loan granted to EvrazHolding in two weeks.