OREANDA-NEWS. March 10, 2010. SCM has paid the next tranche for the secured loan of USD 545m. The payment of USD 82.9 has been effected in full compliance with the terms fixed in the loan facility agreement.

SCM obtained a syndicated loan for four years in March 2007. Initially the amount of the loan made USD 400m. Later (in August 2007) the figure grew to USD 545m. The loan envisages seven instalments. Five of them have already been paid. The remaining two payments are scheduled for QIII 2010 and QI 2011.

"The trust of our partners and investors has always been one of the most valuable SCM assets and we highly appraise it. We believe the reputation of a reliable borrower and a stable financial position of SCM are the factors allowing us to solve all set tasks and move further to achieve strategic goals", said Margarita Povazhnaya, SCM's CFO.