The Ukrainian Metal

Russia: SUMZ borrows 5.6 billion rubles from Gazprombank

The board of directors of Sredneuralsk Copper Smelting Works at its meeting on October 22 approved of opening a credit line for 5.6 billion rubles with Gazprombank.

The interest rate will be 12% in rubles and 9% in euros and dollars.

The funds will be borrowed in order to refinance the company liabilities to other banks.

The agreement will be concluded for 3 years. (Ukrainian metal)

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