Evraz Signs $800 Million Loan with Vnesheconombank
12/16/2008 - Evraz Group signs a US$800 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs.
Evraz Group has signed a US$800 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).
All proceeds under the loan agreement were used to refinance the company's short-term debt.
VEB had previously approved credit lines for Evraz to refinance the company’s indebtedness under the syndicated loans in the amount of US$1,006.6 million and US$800 million.
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