Metinvest attracts USD 700 mln syndicated loan
20 July 2010
Metinvest, Ukraine’s largest metallurgical group, attracted a five-year USD 700 mln syndicated loan at lower than LIBOR+3%, Kommersant reported this morning. In May, media reports had Metinvest planning to draw USD 300 mln via a syndicated loan to repay debt and fund acquisitions. Metinvest placed USD 500 mln in five-year Eurobonds with a 10.25% coupon in mid-May.
