MECHEL UNITS TO PAY 14 PERCENT ON 1 BILLION DOLLARS GAZPROMBANK LOAN

摘要

Interest on 1 billion dollars in loans that Gazprombank is providing to members of the Mechel coal and steel group is 14 percent annually. Coal producer Yuzhny Kuzbass or Southern Kuzbass, which will receive 450 million dollars of the funds, said the rate would be 14 percent on its three-year credit facility. Gazprombank said this week that it had opened credit facilities totaling 1 billion dollars and maturing in three years for Mechel group members to settle short-term debt.