Norilsk Nickel , nickel , copper | 10 March 2016 г. | 06:00

Norilsk Nickel received new credit

Norilsk Nickel  received new credit
Norilsk Nickel announced the signing of a 13-year 37,8 million euro credit facility agreement with Commerzbank under Euler Hermes cover.

Sergey Malyshev, the Company’s Senior Vice-president and Chief Financial Officer commented: “Considering our large-scale investment program the company intends to use ECA financing on a more regular basis. It is a good opportunity to raise cheap and longer-dated financing as well as to diversify funding sources. This new transaction will serve as a milestone in our work with foreign suppliers and contractors.”

Source: Metal Supply and Sale Magazine
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