EBRD UKRAINE
December 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending US$35 million to the Ukraine's only modern mini steel mill, to help it expand. Donbass-based ISTIL will improve production and energy-efficiency, supporting its growing cast billets and speciality steel production for rolling steel mills, seamless pipe manufacturers and machine-building plants. US$15 million of the loan will be syndicated to international commercial lenders; it comes three years after the EBRD extended a US$25 million revolving working capital credit to ISTIL. ...
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