Credit Bank of Moscow opens 7 bln rbl credit line to Metalloinvest

MOSCOW, Aug 14 (PRIME) -- Credit Bank of Moscow has opened a 7 billion ruble revolving credit line for Russian metals holding Metalloinvest, the company said in a statement on Friday.

“In line with its debt management strategy, the company has entered into a loan agreement with Credit Bank of Moscow to open a committed revolving credit line in the amount of 7 billion rubles. The loan has a repayment period within 36 months, the interest rate is floating and linked to the key rate set by the Bank of Russia throughout the term of the credit line,” Metallinvest said.

The company will use the money as a reserve source of liquidity.

(73.6067 rubles – U.S. $1)

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