Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all Norilsk Nickel MMC press releases

Norilsk Nickel MMC

February 10, 2003

US$ 250 million structured pre-export finance facility for MMC Norilsk Nickel

On February 7, 2003, JSC “MMC Norilsk Nickel” and a group of western banks signed a loan facility agreement for USD 250 million.
The syndicated loan, announced in December 2002, was arranged by Citibank, ING Bank and Soci?t? G?n?rale. Other syndicated lenders are BNP Paribas, CCF, Credit Lyonnais, Fortis, HSBC, KBC Bank, Moscow Narodny Bank, Natexis and WestLB. ZAO ING Bank (Eurasia) will be servicing settlements as the passport bank.
The loan is a three-year pre-export finance facility. It is structured as a combination of a revolving credit line of USD 100 million and a term loan of USD 150 million. The pricing of the first and second tranches is 3% and 3,25% p.a. over LIBOR, respectively.
The loan syndication was a success and the volume of senior participation proposals exceeded the initially agreed amount (at the request of Norilsk Nickel the total loan amount was kept at the original level).

 



 

Copyright © 2002 JSC MMC "Norilsk nickel"

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer