Interpipe’s Syndicated Loan Oversubscribed by USD 187 mln

According to Interfax, Interpipe group’s four-year syndicated loan, which it is attracting at LIBOR+2.25% could be increased as it is oversubscribed by USD 187 mln. The issue is being lead managed by Barclays and Citi. Interpipe is expected to use the financing to build an electric steel mill in Dnipropetrovsk with an annual production capacity of 1.3 mln mt of steel.