Sglogo_1

 

Events Reports Directory Forum Articles Jobs in Steel Resume Post Links Currency Archive Metal Rate Archive Glossary Import Duty Structure Incoterms 2000 Technical Info Trade Leads Currency Codes Contact Us Disclaimer Feedback Privacy Policy Site Map

 

FAIL (the browser should render some flash content, not this).

October 16, 2008


MMK Issues USD 600 million guaranties to MMK Trading AG

FIS reported that Magnitogorsk Metal Integrated Works acted as a guarantor of the execution of the contract on the extension of a credit line concluded by its subsidiary MMK Trading AG and Switzerland's PNB Paribas.

The contract's worth is USD 600 million. The funds will be used to finance pre export and trading activities of MMK Trading AG. MMK will act as a guarantor during three years.