OREANDA-NEWS. July 21, 2010. Metinvest, the vertically integrated Ukrainian steelmaker, has raised USD  700mn via syndicated loan, a major local newspaper reported July 20. The loan has been granted for five years with the interest rate at LIBOR+3%

Millennium Capital deems this news as positive for METINV. Notwithstanding Moody’s downgrade of the company rating, Metinvest succeeded in borrowing a considerable amount of capital at a competitive interest rate.