SCM To Attract USD 400 mln Syndicated Loan

7 March 2008

System Capital Management’s (SCM) press service announced yesterday that the group was planning to receive a four-year USD 400 mln syndicated loan from BNP Paribas. SCM will use its 60%+1 stakes in Central Iron Ore (CGOK) and Severny Iron Ore (SGOK) as collateral.

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