Metalloinvest announced the signing of an agreement with ING Bank to finance ECA in the amount of € 11.7 million. The agreement with ING Bank was concluded in accordance with the current framework agreement signed with twelve international banks in August 2019.
The line of credit will be used to finance previously incurred expenses under the agreement with Danieli Centro Combustion SpA. for the supply of equipment under an investment project for the construction of a hot-rolled steel heat treatment unit at OEMK.
Insurance coverage will be provided by the Italian export credit agency Servizi Assicurativi del Commercio Estero.
The loan provided under the agreement with ING Bank will be repaid equal to
Metalloinvest closes ECA financing deal with ING Bank
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