SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
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<strong>SCM</strong> Group's activities<br />
in the debt capital markets<br />
January<br />
<strong>SCM</strong> paid the final installment on its $545m syndicated loan.<br />
The syndicated four-year loan was granted to <strong>SCM</strong> in March<br />
2007. The loan was arranged by BNP Paribas (Suisse) SA,<br />
Bayerische Hypo- und Vereinsbank AG (UniСredit Group),<br />
NATIXIS, Raiffeisen Zentralbank Osterreich AG, and Standard<br />
Bank plc.<br />
February<br />
Metinvest placed a $750m, seven-year Eurobond with<br />
a yield of 8.75%, due on February 14, 2018. The funding<br />
will be used for its capital investment program and other corporate<br />
purposes. The Eurobond was underwritten by Credit<br />
Suisse Securities (Europe) Limited, Deutsche Bank AG (London<br />
Branch), ING Bank N.V. (London Branch), The Royal<br />
Bank of Scotland plc, Sberbank of Russia, and VTB Capital<br />
plc.<br />
Metinvest was granted a $75m pre-export loan facility, with<br />
repayment due in 2013, from Rabobank. The funding will<br />
be used for further upgrading of its production facilities and<br />
other corporate purposes.<br />
Ukrainian Machine Building Holding signed an agreement<br />
with Sberbank of Russia for a $40m credit line. The funding<br />
will be used to implement investment programs, develop<br />
the company's production facilities, and to replenish working<br />
capital due to the growth of sales volume and the development<br />
of the distribution network.<br />
Azovstal Steel Plant (Metinvest) repaid its $175m Eurobond<br />
with a yield of 9.125%, which matured in February <strong>2011</strong>.<br />
The Eurobond was underwritten by ING Bank N.V. и Moscow<br />
Narodny Bank Limited.<br />
8<br />
March<br />
Metinvest signed an agreement with Sberbank of Russia to<br />
open a $175m, 3-year stand-by credit line. The funding will<br />
be used for the capital investment program and other corporate<br />
purposes.<br />
Khartsyzsk Pipe Plant (Metinvest) repaid the $39.5m loan<br />
facility in advance. The loan was granted by VTB Bank.<br />
April<br />
Metinvest B.V. (Netherlands), Metinvest Group’s holding<br />
company, signed a $100m, 3-year pre-export line of credit<br />
with UniCredit bank. The funding will be used for the working<br />
capital replenishment, as well as for the implementation<br />
of the long-term strategic investment projects.<br />
July<br />
HarvEast Holding signed a $25.1m, 10-month loan facility<br />
with Prominvestbank. The funding will be used for the replenishment<br />
of the company's working capital.<br />
August<br />
ASKA Insurance Company repaid the $0.125m line of credit<br />
granted by Finance and Credit Bank.
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