Norilsk Nickel may increase the debt burden

Nadezhda Ivanova's picture

Today, the Board of Directors of Norilsk Nickel will discuss the question on an attraction of revolving syndicated loan at up to $500 million.

In late August, the head of the company’s block for economy and finance S.Malyshev said that the company planned to attract confirmed credit line from a syndicate of western banks, which will support the previously attracted credit lines at not less than $2 billion.

“We plan to announce the deal in autumn with a view to maintain confirmed credit lines of $2 billion,” he said.

In January, Norilsk Nickel signed an agreement on attraction of syndicated loan of Chinese banks in the form of revolving credit line, totaling 4.8 billion yuans ($730 mln) for a period of 5 years.

Trends and prospects of development of the domestic copper industry will be discussed at the 5th All-Russian conference “Copper, brass, bronze: trends of production and consumption”, which will take place on October 6-7 in Moscow.

http://www.metalinfo.ru/ru/news/88956

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