Metalloinvest signs $100 million sustainability loan agreement

Chicago, April 16 – Russia’s Metalloinvest Finance DAC signed a loan agreement with ING Bank for up to $100 million, or the euro equivalent, according to a press release.

The loan agreement will end on Nov. 30, 2020.

The interest rate is dependent on the company’s corporate social responsibility (CSR) rating and may be reduced if rating indicators improve. Metalloinvest currently has a silver medal CSR rating from EcoVadis, an agency specializing in sustainability performance ratings.

The issuer is a Moscow-based mining and metallurgy company.

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