Ukrainian Steelmaker Metinvest Repays $115 Million Debt
Metinvest, Ukraine’s biggest steelmaker, said it repaid $75 million of a pre-export facility and $40 million of a loan.
The pre-export facility was given to Metinvest in January of 2011 by Rabobank International, the company, based in the eastern Ukrainian city of Donetsk, said today in an e-mailed statement. The two-year loan had an annual interest margin of 3 percent in addition to Libor, or London Interbank offered rate, according to the statement.
Metinvest secured the three-year $40 million loan from Amsterdam Trade Bank NV in March 2010 for “general corporate purposes.” It had an annual interest margin of 6 percent in addition to Libor and was repaid ahead of schedule, the company said.
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