metalloinvest (the"Company"), a leading manufacturer and supplier of iron ore products and HBI in the world market, one of the regional producers of high quality steel, has announced the conclusion of an agreement with ING Bank for attraction of ECA-financing in the amount of 11.7 million euros.
the Agreement with ING Bank concluded under existing framework agreements signed with twelve international banks in August 2019.
the line of Credit was concluded for the purpose of financing previously incurred costs under the contract with Danieli Centro Combustion S. p.A. for the supply of equipment for implementation of investment project on construction of the line heat treatment of rolled on OEMK.
the Insurance coverage provided by export credit Agency of Italy – Servizi Assicurativi del Commercio Estero (SACE).
the Agreement with the Bank ING requires an even repayment every half a year for the past 10 years.
