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NLMK signs first ECA deal
05 January 2010
Russia’s Novolipetsk Steel has secured its first multi-sourced export credit agency deal.
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[Novolipetsk Steel (NLMK) ECA financing]
[Export credit agencies Russia]
Russia’s Novolipetsk Steel (NLMK) has secured its first multi-sourced export credit agency (ECA) deal.
Bayerische Landesbank, Deutsche Bank, ING Bank and SG have clubbed together to provide a Eu524 million 10-year loan for the company.
The facility will finance commercial contracts signed among various suppliers from Germany, Austria, Luxembourg and Belgium. The contracts are related to the upgrade of production equipment in steel making.
Belgium ECA, Office National Ducroire (ONDD), Luxembourg’s ECA, Office...
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