21
Jul
01:00
Metalloinvest secures $750m pre-export finance
Metalloinvest and a club of international banks have signed an agreement for a $750 million pre-export finance facility (PXF), Kallanish learns.
Metalloinvest plans to use the new funds to repay part of the PXF as well as to secure additional liquidity for the redemption of Eurobonds due in July 2016. The PXF was raised in March 2014, and is due in April-December 2016.
The PXF is divided into two tranches: a five-year $600m tranche with a tw…
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Very good overview of the weekly steel market.
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