OAO Mechel (MTLR), a metals and coal producer owned by Russian billionaire Igor Zyuzin, said it began syndicating a $2 billion loan to refinance the $2.3 billion purchase of Yakut and Elga coal fields on Oct. 5.
ABN Amro, BNP Paribas, Calyon, Natixis, Sumitomo Mitsui Banking Corporation Europe Ltd., Commerzbank Aktiengesellschaft and Societe Generale are joint book running managers, the Moscow- based steelmaker said in an e-mailed statement today.
Mechel started syndication on Nov. 2.
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