Hellenic Bank Public Company Ltd (“Hellenic Bank”) announces that, within its normal course of business, it has entered into an agreement with the European Bank for Reconstruction and Development (“EBRD”) to participate in an EBRD A/B loan granted to ArcelorMittal Kryvyi Rih (“AMKR”), within the ArcelorMittal group. ArcelorMittal is the largest global steel maker.
EBRD is providing a $350 million syndicated loan to AMKR to support the modernisation and environmental upgrade of Ukraine’s largest steel mill, PubJSC AMKR. The financing will consist of an EBRD A loan of $200 million as part of a $350 million A/B loan and an additional financing of $150 million granted by Participants in the B loan. Hellenic Bank’s participation in the B loan is in the amount of $10 million. The other Participant Banks are AKA Ausfuhrkedit-Gesellschaft mbH, Credit Agricole CIB, Federated Project and Trade Finance Core Fund and Raiffeisen International.
EBRD currently owns 5,4% of the issued share capital of Hellenic Bank.
HELLENIC BANK PUBLIC COMPANY LTD
