Koks, one of Russia's largest producers of metallurgical coke and an affiliate of Industrial Metallurgical Holding (IMH), has concluded credit agreements with Bank of Moscow for loans totaling $100 million over a period of three years.
Accordingly, the funds will be allocated for the development of production facilities and for the replenishment of circulating assets, including refinancing of loans raised previously from enterprises managed by IMH.
The total credit funds extended by the Bank of Moscow to IMH enterprises over the last three years, including redeemed sums, has amounted to about Ruble 50 billion (about $1.7 billion).