Urals Steel raises EUR110-mln HVB loan (Part 3).

Russia & CIS Business and Financial Newswire | May 19, 2006 | Copyright

Urals Steel raises EUR110-mln HVB loan (Part 3)

MUNICH. May 19 (Interfax) - Urals Steel signed a 10-year unsecured loan deal for 110 million euros with Bayerische Hypo und Vereinsbank AG (HVB) on Friday.

International Moscow Bank (IMBK), which represents HVB in Russia is co-organizer of the loan, which is guaranteed by Euler Hermes Kreditversicherungs AG on the German government's behalf, an Interfax correspondent reports.

The loan will finance equipment supplies by Germany's SMS Demag and Belgium's CMI to implement a major refurbishment at Urals ...

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