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)