Metinvest announced that the Group is in the final stages of negotiations with the Black Sea Trade and Development Bank regarding a seven-year € 62 million credit line approved by the BSTDB Board of Directors. Metinvest plans to use the funds to implement the investment program and replenish working capital. The final conditions are subject to documentation.
BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. It supports economic development and regional cooperation by providing loans, lines of credit, capital and guarantees for projects and trade finance in the public and private sectors in its member countries. Its registered capital is 3.45 billion euros and has long-term credit ratings "A-" from S & P and "A2" from Moody's.
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