|SCM raises 4yr $545 million syndicated loan through 17 banks|
Journal Staff Report
Donetsk-based System Capital Management, which is 90% owned by businessman Rinat Akhmetov, has raised a four-year debut syndicated loan worth $545 million through Paribas (Suisse). The deal involved 17 banks, four of which - Bayerische Hypo-und Vereinbank AG (UniCredit Group), NATIXIS, Raiffeisen Zentralbank Osterreich AG and Standard bank plc - acted as authorized leading organizers of the loan. The loan will be secured by 60% of shares plus one share of Pivnichny and Tsentralny ore mills, the company said.