22
Dec
14:48
Cognor secures financing for new line, export expansion
Cognor has secured PLN 400 million ($98m) of financing from Santander and Polish export credit agency KUKE for the revamp of its production units, with a view to expanding operations and exports.
This is a new form of financing, used for the first time in Poland by Santander, which involves KUKE taking on the bulk of the credit risk. This instrument is available for exporters and is designed to support their expansion in foreign markets. Santander has structured t…
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Very good overview of the weekly steel market.
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