Metinvest repays two loans

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Publish time: 1st February, 2013      Source: ChinaCCM
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The Ukrainian mining and steel producing group Metinvest has announced the repayment of a $75 million pre-export facility and a $40 million loan facility.

Metinvest Group secured the two-year $75 million pre-export facility with an interest margin of three percent per annum above the LIBOR rate from Rabobank International in January 2011 for financing ongoing asset modernization and general corporate purposes.

The three-year $40 million loan with an interest margin of six percent per annum above the LIBOR rate was provided to the group by Amsterdam Trade Bank N. V. in March 2010. The loan was issued for general corporate purposes and has been repaid ahead of schedule.