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, won the international award TXF in the nomination "deal of the year financing metals and mining sector in the category of commodities".
the company won the competition with a deal pre-export financing in the amount of 200 million euros (PXF-2019/2) concluded with record-long loan period is 6.5 years and attractive interest rate, fixed for the entire term of the loan. The loan agreement was concluded with 7 international financial institutions – Société Generale (SGBT Finance Ireland Ltd), ING Bank N. V., INTESA, Bank of China, UniCredit Bank, Credit Agricole CIB, Deutsche Bank.
Alexey Voronov, Deputy Director General for Finance and economy of the Management company metalloinvest, commented: "the Competition TXF is a significant international event of the year in the financial sector, comprising all professional market participants and experts. In 2019, the Company signed a deal pre-export financing with a club of 7 international banks on record for the market long term and at an attractive fixed interest rate. We are very happy that our deal was awarded first prize in the international competition TXF as the best deal of the year in the metals and mining sector. We are continuously working on improving our portfolio of borrowing and the search for optimal solutions."
reference:
TXF – private media company with headquarters in London, established in 2013, which specializiruetsya news, Analytics and events in the sectors of trade, commodities, export and project financing. TXF holds an annual international competition, which involved transactions on export and trade financing as well as transactions in the commodity markets. The selection of the winner takes place in two stages. The first stage includes voting on an open platform TXF, where this year the choice made 2 000 participants. The second stage consists of a selection of the most important and innovative deals of the expert group TXF.
