Published: March 10, 2011
Sberbank gives steel group US$175mn line.
Ukrainian steel group Metinvest has secured a US$175mn loan from Sberbank.
The company will use the three-year stand-by loan for asset modernisation and general corporate purposes.
The loan is the second Metinvest has secured this year, following a US$75mn line from Rabobank in February. Last year, it raised a US$700mn syndicated loan from 14 banks, arranged by Deutsche Bank. It has also raised US$1.25bn from bond issuances in the past year.