Russian Copper Company (RMK) raised syndicated pre-export credit in the volume of $250mln, Rosbank informed.
The credit expires in 5 years. It is backed by the revenues from export contracts on the delivery of copper cathodes. The credit will be spent on the coverage of current debts and corporate targets. The arrangers and book-runners of the credit involve NATIXIS, SocieteGeneraleCorporate & InvestmentBanking and Rosbank. The leading arrangers are Nordea Bank, SberbankEurope, Alfa Bank, AmsterdamTradeBank, (ICBC), Galena; FIMBank and Federated being arrangers.
Russian Copper Company (TIN 6670061296) was formed in 2004. Now it covers 19% of the Russian and 1% of the foreign copper markets. It includes 20 entities of the mining and metallurgic profile in different regions. The production capacities gain 200ths ton of copper cathodes and 190ths ton of copper wire rod/year.
"AK&M", 12:25, 10.12.2013 1251 AKM,COR