LSR restructures financing for plant construction

LSR restructures financing for plant construction
Published: 15 December 2010

LSR Group and Bank VTB North-West have signed an agreement to open a loan facility worth RUB5bn (US$163m) .

The new loan facility will substitute the existing loan facility of EUR 113.9m by RBS (formerly ABN AMRO) and HSBC, obtained in March 2008, for cement production equipment.

The final redemption date for the new loan facility - December 2017 - is in fact equal to the one of RBS/HSBS loan.