Metinvest, Ukraine’s biggest producer of steel controlled by billionaire Rinat Akhmetov, secured a $325 million syndicated loan arranged by Deutsche Bank AG.

The three-year pre-export finance facility has annual interest margin of 4.75 percent in addition to Libor, or London Interbank offered rate, the Donetsk, Ukraine-based steelmaker, said in e-mailed statement today. The loan exceeded initial target level of $300 million, according to the statement.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net