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Metalloinvest – pre-export financing
23 March 2009
New corporate structure draws the crowd
Read more:
pre-export
PXF
iron ore
Russia
Metalloinvest
Linklaters
OEMK
Metalloinvest is Russsia's largest producer of iron ore and the fourth largest in the world. It is also one of the largest and fastest growing integrated mining and metallurgical groups in the CIS region, consolidating over 40% of Russia's iron bearing raw materials production and has a 10% share of its domestic steel market. This transaction was Metalloinvest's first ever pre-export finance facility – an earlier transaction had been done under the group's former different corporate structure of Gazmetal – and despite being signed in the challenging part of mid-2008, the deal proved to be a great success.
The transaction was led by coordinating mandated lead arrangers BNP Paribas (BNPP) and ING Wholesale Banking. Other MLAs on the deal were BTMU, Calyon, Commerzbank, Deutsche Bank, Natixis, Orgresbank/Nordea, Rabobank International, RBS/ABN Amro, SMBC, Société Générale (SG) and Unicredit/HVB....
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