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Metinvest to Cooperate with BSTDB

Steel News - Published on Tue, 07 Jul 2020

Image Source: Metinvest BSTDB
Metinvest announced that the Group is in the final stage of negotiations with the Black Sea Trade and Development Bank regarding a seven-year credit facility of EUR62 million, which the BSTDB board of directors has approved. Metinvest is to use the funds to implement its investment programme and replenish its working capital. The final terms and conditions are subject to documentation.

BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. It supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. It has authorised capital of EUR3.45 billion and long-term credit ratings of ‘A-’ from S&P and ‘A2’ from Moody’s.

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Posted By : Yogender Pancholi on Tue, 07 Jul 2020
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