10
Sep
01:00
Mechel restructures loan with VTB
Mechel is restructuring its loan with VTB Bank totalling approximately RUB 70 billion ($1.03 billion), the company tells Kallanish.
The loan agreements set the grace period until April 2017 and loan maturity in April 2020 to be paid in monthly instalments.
“This restructuring will enable the company to service its debt even in these times that are difficult for the global commodity market,” says Mechel chairman Igor Zyuzin…
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Anonymous
Very good overview of the weekly steel market.
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