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UMMC – export financing

23 March 2009

Bringing new borrowers to ECA finance

Read more: UniCredit UMMC Danieli Sace Russia Munich Moscow Norton Rose Euler Hermes

Within this transaction, UniCredit Group came up with a unique structure to meet the needs of their client in Russia – UMMC Group, the second largest vertically integrated copper group in the country. The solutions provided by UniCredit brought UMMC to the international export finance market for the first time. The transaction finances the construction and supply of a steel mini-mill in Tyumen for UMMC. The overall cost of the project is a416.5 million. Of this total, a182.8 million is being financed through an export credit agency...


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