Bilaterals glitter for Russian miner Polymetal

26 Nov 2010

Polymetal, a Russian gold and silver miner, has signed a $200m five year loan with UniCredit and its Russian subsidiary ZAO UniCredit, according to the company.

The facility has a margin of 350bp and will amortise following a two year grace period. The loan will refinance debt.

Polymetal has not tapped the syndicated loan market before, preferring to concentrate on bilateral credit lines from its relationship banks. The new $200m loan differs slightly from previous ...

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