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PhosAgro $250m pre-export loan

By BFN News | 03:33 PM | Tuesday 28 June, 2016


PhosAgro has raised its debut pre-export financing with a syndicate of international banks. Societe Generale, PJSC Rosbank, and UniCredit Bank Austria AG acted as coordinating mandated lead arrangers, while UniCredit Bank and PJSC Rosbank acted as 'passport banks'. The facility agreement was signed by PhosAgro subsidiary JSC PhosAgro-Cherepovets and the banks for a total amount of US$250 million, with a four-year maturity. The company plans to use the funds to refinance existing debt. Drawdown of the facility will begin before the end of June. Story provided by StockMarketWire.com

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