Norilsk Nickel was borrowed $ 2 billion

Norilsk Nickel OJSC Norilsk Nickel, the largest manufacturer of Nickel and Palladium in the world attracted an unsecured syndicated loan with a volume of $ 100 million for a period of 5 years. The loan is presented in the form of a depreciable tranche of 1 billion 575 million dollars and a renewed line of $ 525 million, the loan rate will be a monthly libor 1.75 percent per annum and 1.35 percent per annum, respectively, the commission for the use of a loan will not exceed 0.4 percent.

The organizers of the loan were 16 international banks and credit organizations. Earlier in Norikele it was reported that the company’s board of directors approved the attraction of a syndicated loan worth up to $ 2 billion 500 million. Another $ 400 million can be provided to Norkel if necessary, says Sergey Malyshev, head of the company's economy and finance unit.

"We are very pleased to note the particularly attractive terms of the transaction, which once again confirm our confident positions as a reliable borrower and a global player in the mining -metallurgical industry. After the successful placement of Eurobonds for $ 750 million, this deal is also designed to improve the credit profile of the company. The attracted loan is the next step in the Norilsk nickel financial strategy, which includes the financial strategy The diversification of the base of investors along with the formation of long-term relations with partner banks, ”said Sergey Malyshev.

The Norilsk Nickel Mining and Metallurgical Company Open Joint-Stock Company is a diversified mining and metallurgical company, which is the world's largest manufacturer Nickel and Palladium, the leading producer of platinum, cobalt, copper and dodgy in the world. The company also produces gold, silver, iridium, selenium, ruthenium and avalur. Norilsk Nickel are located in Russia in the Norilsk Industrial District and on the Kola Peninsula, as well as in Finland, Australia, Botswana and South Africa.