https://www.engineeringnews.co.za

Polyus signs $70m credit facility from IGN

29th May 2018

By: Creamer Media Reporter

     

Font size: - +

Russian gold miner Polyus on Tuesday announced a $70-million bilateral bank credit facility with ING at a fixed interest rate.

The non-revolving facility is repayable in a bullet payment in 2023.

"Polyus maintains its position as a respectable borrower on international markets, despite the worsened debt markets backdrop. The company's balance sheet and recently optimised debt profile give us sufficient room to utilise the entire spectrum of financing instruments, including credit lines with international banks,” senior VP for finance and strategy Mikhail Stiskin commented in a statement.

Polyus plans to use the proceeds of the facility to finance its ongoing operations.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.053 0.772s - 140pq - 2rq
Subscribe Now