Metalloinvest inks finance facility agreement

Metalloinvest, a leading global iron ore and HBI (hot briquetted iron) producer based in Russia, has stated that it has signed a pre-export finance dual-tranche facility agreement with a club of international banks, including Deutsche Bank, ING, Société Générale, BNP Paribas, Credit Agricole CIB, UniCredit Bank, BTMU and Credit Suisse. The new facility for a total amount of $1.150 billion to be repaid in 2016-2019 will be used to refinance the company's current pre-export facility due in 2015-2016.