Popular Ferrexpo wins over loan market
Ukrainian iron ore miner Ferrexpo has signed a $350m pre-export financing facility after a blowout response during syndication. The credit is considered the best in the country and has tightened margins substantially on 2009 levels. Ukraine was hit badly by the crisis and had to rescued by the IMF but the best credits are being welcomed back to market. Read about Ferrexpo’s deal and whether it signals a return to strength by the weaker CEE countries in this week’s EuroWeek.
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