Metinvest, Ukraine’s largest private company, has secured a €43.2 million buyer credit facility guaranteed by Austria’s export credit agency
Thursday, July 26, 2018

Metinvest, Ukraine’s largest private company, has secured a €43.2 million buyer credit facility guaranteed by Austria’s export credit agency

Metinvest, Ukraine’s largest private company, has secured a €43.2 million buyer credit facility guaranteed by Austria’s export credit agency, Oesterreichische Kontrollbank Aktiengesellschaft. It is the first loan covered by an export guarantee for the steelmaker since 2012. Raiffeisen Bank is the sole lender on the facility, which matures in 2025, reports the Global Trade Review. The interest rate is 6-month Euribor plus margin. The funds will finance construction of a continuous casting machine for Ilyich Steel, a Metinvest steelmaking plant in Mariupol. The casting machine is being supplied by Primetals Technologies Austria.

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