Sberbank says gives $615 mln credit to USM to build plant

MOSCOW, Nov 3 (PRIME) -- Sberbank has given a U.S. $615 million loan to Mikhailovsky HBI, part of Alisher Usmanov's USM, to build a hot-briquetted iron plant in the Kursk Region, the bank said in a statement on Wednesday.

The loan is to be repaid at the end of 2034.

The financial details of the deal were not disclosed.

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