KYIV, Dec 2 – Metinvest, the vertically integrated steel and mining group of companies, has successfully launched an all-new accounts receivable securitization program for its Italian re-rollers, Metinvest Trametal and Ferriera Valsider, in the amount of EUR 75 million.

Securitization is a part of the group's funding strategy at enhancing its debt portfolio with instruments that will improve its credit profile, reduce the cost of debt and create a prudent framework for reliable, long term working capital financing, the company said in a press release on Wednesday.