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Metalloinvest Announces ECA Backed Financing Deal-2020 China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition 10/20/2019 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo- |
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Leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, Metalloinvest announces the signing of an agreement with MUFG for ECA backed financing in the amount of EUR 9.9 million.The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by INTECO melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export credit agency. The loan provided under the agreement with MUFG will be repaid in equal semi-annual payments over the course of 10 years.
Mr Alexey Voronov, Finance Director of Management Company Metalloinvest, commented that “We regularly use ECA backed financing for the purchase of foreign equipment under the guarantees of export agencies. Today, we have signed an agreement with MUFG, which has become our first ECA backed financing deal under the new framework agreement signed with twelve international banks in August 2019. This structure allows us to optimise the documentation process and improve the transaction parameters.”
金属展-冶金展-2020广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-2020
China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition
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expo, 2020 Metal exhibition, 2020 Metal expo, China Metal exhibition, China
Metal expo, steel exhibition, steel expo, 2020 steel exhibition, 2020 steel
expo, China steel exhibition, China steel expo
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