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Russia's Evraz seeking $500 mln-$1 bln syndicated loan

Reuters - UK Focus

MOSCOW, June 3 (Reuters) - Russia's largest steel producer Evraz (Other OTC: EVRZF - news) said on Tuesday it planned to take out a syndicated loan worth between $500 million and $1 billion with up to ten banks.

"Mainly these are euro zone banks, foreign banks, which operate in Russia and with which we have worked (previously)," Evraz's Head (Other OTC: HEDYY - news) of Corporate Finance Rostislav Rozbitski told journalists, adding that a final decision on the amount had yet to be taken. (Reporting by Kira Zavyalova; Writing by Alessandra Prentice)