The Ukrainian mining and steel producing group Metinvest has announced that it has secured a three-year pre-export facility amounted to a total of $560 million. The facility had reached the $300 million level in the first stage in November 2012 and has been increased by $260 million by means of syndication with international financial institutions. The facility involves an interest margin of 5.25 percent per annum over LIBOR and will be used to fund the group's capital expenditure program and for general corporate purposes.
Deutsche Bank AG acted as coordinating mandated lead arranger for the facility. Deutsche Bank AG, RBI, Natixis, ING Bank N.V., VTB and Gazprombank were the mandated lead arrangers.