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.
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