Interpipe secures major loan for funding steel expansion
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Saturday, 31 May 2008
Ukrainian Journal reported that steel pipe and railway wheel producer Interpipe has closed a USD 531 million ECA supported debt financing package to develop and construct a 1.32 million tonne steel electric arc furnace.
The new steel mill will be built in Dnepropetrovsk in Eastern Ukraine. The debt package comprises a USD 344 million Sace backed export credit facility and a USD 187 million pre export financing arranged by Barclays and Citi.
