It is reported that Russia iron ore and steel producer Metalloinvest has signed major loan agreements with local Sberbank for new lines of trade credit.

The loan will be in the form of two trade credit lines totalling RUB50 billion. The funds will carry a three-year tenor. No detail on pricing has been released.

Mr Pavel Mitrofanov deputy CEO and CFO at Metalloinvest said “Sberbank’s credit line opening provides the company with the opportunity.”

Source - tradefinancemagazine

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