Metalloinvest Holding Redeems Bulk of State-Guaranteed Loan
OREANDA-NEWS. July 07, 2010. Metalloinvest Holdings today redeemed most of a loan guaranteed by the Ministry of Finance of
“The early redemption was made possible by the stable positive dynamics of the production and financial activities of the Metalloinvest Holding. In the first half of 2010, the total loan debt of the Holding’s units decreased by USD 1 bln, amounting to USD 4.5 bln,” said General Director of Metalloinvest Holding Eduard Potapov. He also emphasized the stabilizing role and effectiveness of state guarantees during the global financial crisis.