print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  MMK REGISTER LOG IN

Press Releases > MMK  all about the company

company search
all press releases
all MMK press releases

MMK

February 25, 2009

Sberbank of Russia and OJSC MMK sign a loan agreement

February 25, 2009, Moscow– The Savings Bank of Russia ("Sberbank") (RTS: SBER, MICEX: SBER03) and OJSC MMK (MICEX, RTS: MAGN; LSE: MMK) signed an agreement on opening a RUB 12 bn, 3-year non-revolving credit line.

The facility's purpose is to finance OJSC MMK's 5,000 mm Plate Mill Project, which, once completed, will produce large-gauge plate steel for pipe makers and ship, bridge and boiler builders. The new, state-of-the-art mill is expected to turn out ab. 1.5 m tpy of premium quality plate able to compete with similar products on the domestic and international markets, and will enhance the overall performance of MMK. The loan comes in the wake of the first, RUB 3 bn, 2 year loan extended by Sberbank last December for the same purpose.

Sberbank, in its turn, views the credit line to MMK as another step in providing efficient support to Russia's systemic enterprises.

 

 

 

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