The Metinvest group managed to occupy $ 700 million under libor+3% for a period of five years. The organizer of the syndicate was Deutsche Bank. In the group Metinvest and Deutsche Bank refused to comment. At the same time, Fitch and Moody`s confirmed that Metinvest managed to attract $ 700 million.
To date, the syndicate attracted by Metinvest is the cheapest means that this year is unlikely to be able to occupy. Alfa Capital analyst oleg Yuzefovich explains the attraction of such cheap credit funds excess bank liquidity in the market. "Banks are looking for the possibilities of a reliable investment. And Metinvest is one of the most reliable borrowers. Thanks to the stable business model, Metinvest is the most profitable metallurgical CIS holding based on the results of 2009," he says. According to Mr. Yuzefovich, Metinvest attracts funds, most likely for refinancing current debt. According to Moody`s, this year Metinvest should pay off a debt worth about $ 616 million.
Source: Kommersant Ukraine.
Metinvest took an inexpensive loan at Doych Bank
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Azovpromstal® 20 July 2010 г. 00:01 |
