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04.05.2010 Evraz pledges 100 per cent minus one share of ZSMK (Kemerovo), 50 per cent minus one share of Vanadiy complex


The ZSMK stock is pledged with $1-bn Vnesheconombank credit, half of Kachkanar Concentrator Vanadiy stock — with $950-m Gazprombank’s. The pledged assets state has been fixed as of 12/31/2009, Evraz attracting some short-term credits for $90 m later.

Evraz’ residual debt related to Nov-2008-credit from Vnesheconombank at LIBOR+5 per cent rate was attracted to partially refinance debt to Deutsche Bank and currently amounts to the original sum plus $6.96 m of interest as of 12/31/2010.


Source:   metcoal.ru