Subsidiary of Russia’s Mechel inks guaranteed loan

Mechel Trading, the trading arm of Russian mining and steel credit Mechel, has signed a $180m three year loan guaranteed by Mechel and Chelyabinsk Metallurgical Plant and secured against some of the borrower’s offtake contracts.

  • 26 Oct 2011

Barclays Capital, ING, UniCredit and UniCredit Moscow provided the refinancing facility, which has a grace period of 18 months. The Swiss-based borrower said that the loan might be increased to $350m if other banks join the deal at a later date.

Mechel reported Ebitda of $1.17bn for the first ...

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2 Rabobank 35.35
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Rank Lead Manager Amount $m No of issues Share %
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
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