Source Pravda.Ru

Norilsk Nickel signs credit agreement worth $250m

Norilsk Nickel and a group of Western banks have signed a credit agreement totaling $250m, the company's press service reported. The syndicated credit, which was announced last December, was organized by Citibank, ING Bank and Sociхtх Gхnхrale. Creditors are BNP Paribas, CCF, Credit Lyonnais, Fortis, HSBC, KBC Bank, Moscow Narodny Bank, Natexis and WestLB.

The credit has been allocated for a three-year period. The first tranche of the credit is $100m with a 3 percent annual interest rate above LIBOR and the second tranche is $150m with a 3.25 percent interest rate above LIBOR.

The company pointed out that the syndication had been carried out successfully and the amount of bank applications for participation had significantly exceeded the initially planned volume of the credit. However, the planned volume was retained by proportionally decreasing the banks' shares.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Russia to respond with military-strategic blow to new USA's sanctions
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Peculiarities of Russian sex
Russia must build strong Orthodox coalition in Europe to defeat the West
Ukraine dreams of what it can do to Crimea after winning war with Russia
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
The Sham called Democracy
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
Ukraine dreams of what it can do to Crimea after winning war with Russia
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Default more likely to hit American, rather than Russian economy
The Sham called Democracy
The Sham called Democracy