Uralkali takes another loan
Uralkali signed an agreement with 11 international banks on a loan of $665 million.
Mandated lead arrangers of the transaction are Bank of China, Crédit Agricol, ING, Mitsubishi UFJ Financial Group, Russian Regional Development Bank, SGBTCI, Société Générale, Commerzbank, Filiale Luxemburg and Mizuho Bank.
The interest rate is Libor +2.2%. The loan period is five years. The borrowed funds will be directed to the refinancing of debt and financing of the Uralkali’s ongoing activities.
Enjoyed this story?
Every Monday, our subscribers get their hands on a digest of the most trending agriculture news. You can join them too!
In focus
Stock quotes
Most read
Events
Live
Europe is falling behind in this field. The concerns 30 years ago was reasonable. Now not so much. We need crops that can survive in a more extreme future climate. Handle droughts and hot weather better. Crops that are less tasty to pests like hogs and deere.
Gene-edited crops set for groundbreaking European trials
About
More to read
Advertising that helps us do quality reporting
Discussion0 comments