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Evraz Receives Vnesheconombank Loans
11/28/2008 - Evraz Group signs a US$1,006.5 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank.
Evraz Group has signed a US$1,006.5 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank (VEB).
The first tranche in the amount of US$201.3 million was used to refinance the company's short-term debt.
VEB approved credit lines for Evraz to refinance the company’s indebtedness under the syndicated loans in the amount of US$1,006.6 million and US$800 million.
The first tranche in the amount of US$201.3 million was used to refinance the company's short-term debt.
VEB approved credit lines for Evraz to refinance the company’s indebtedness under the syndicated loans in the amount of US$1,006.6 million and US$800 million.
