Mechel, one of Russia's leading mining and metals companies, has reported the extension of maturity of credit lines granted by Raiffeisenbank AO, totaling $30 million.
Mechel's subsidiary Yakutugol Holding Company has signed an agreement with Raiffeisenbank AO for extending the maturity of active credit lines totaling $30 million until February 2016. According to the agreement, the outstanding debt will be converted into Russian rubles, while pledges remain unchanged.