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Metinvest received an 11.5-year loan of 23.6 million euros secured by ECA guarantees

Metinvest received an 11.5-year loan of 23.6 million euros secured by ECA guarantees
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Metinvest B.V., the parent company of the international vertically integrated mining and metallurgical group of companies, announced the receipt of a buyer’s credit line for 11.5 years amounting to 23.6 million euros for its subsidiary – the Northern Mining and Processing Plant (NMP). The credit is secured by the Finnish export credit agency Finnvera. Deutsche Bank acts as the sole arranger and lender and received legal support from the international law firm Norton Rose Fulbright.

The loan will finance the purchase of equipment from the Finnish industrial manufacturer Metso Finland for a tailings thickening project at the Northern MPP.

“This deal is an important milestone for the Group. It reflects our commitment to long-term investments in our Ukrainian enterprises, particularly the Northern MPP. Despite ongoing security challenges, we strive to maintain and, where possible, increase production capacity, support employees, and improve the environmental sustainability of our flagship iron ore asset. We are grateful to our partners for their role in securing the Group’s first export credit agency guaranteed loan since the full-scale invasion. Their unprecedented support goes beyond Metinvest, serving as a broader signal of confidence in Ukraine,” said Metinvest CEO Yuriy Ryzhenkov.

 

“Deutsche Bank is proud to support its long-standing client, Metinvest, in this important financial transaction, in partnership with Metso and Finnvera, to back this strategic project. This deal highlights the strategic importance of both Metinvest and Ukraine to Deutsche Bank and reflects our ongoing commitment to providing tailored financial solutions in today’s complex geopolitical environment,” said Moritz Dernemann, Co-Head of Deutsche Bank’s Global Structured Trade and Export Finance division.

 

 

“We are pleased to have supported our client Deutsche Bank in this important transaction. All parties involved collaborated extremely effectively to overcome the unique challenges related to this deal and achieve a successful outcome,” said David Milligan, partner at Norton Rose Fulbright.

Note: The Northern MPP is one of the Group’s iron ore mining and processing enterprises located in Kryvyi Rih, Ukraine. Prior to the full-scale invasion, in 2021, it produced about 13 million tons of iron ore concentrate and about 6 million tons of pellets. In 2024, production amounted to approximately 8 million tons of iron ore concentrate and about 4 million tons of pellets.

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