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Metinvest to attract USD 300 mln in syndicated loans

Metinvest to attract USD 300 mln in syndicated loans

26 May 2010

Metinvest, the holding company for the metals & mining assets of System Capital Management, plans to attract USD 300 mln via a three-year syndicated loan, newspaper Delo reported this morning. According to sources interviewed by Delo, the funds would be used to repay debt and on acquisitions. Metinvest placed USD 500 mln in five-year Eurobonds with a 10.25% coupon and YTM of 10.5%; details of the bond placement were available last week.

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