Evraz Secures VTB Financing
November 13, 2008 – Evraz Group S.A.(LSE: EVR) (“Evraz”) today announced that Russian bank VTB has granted Evraz a one-year 10 billion rouble (approximately US$360 million) credit facility. The two loans of five billion roubles each have been extended to NTMK and Zapsib, Evraz's Russian subsidiaries.
The loan proceeds were used for regular tax payments in Russia.
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