Ilim Pulp attracted three-year term syndicated loan facility of Moscow Narodny Bank.
December 23, 2005 AK&M
Ilim Pulp Corporation has attracted three-year term syndicated loan facility of Moscow Narodny Bank to the value of $50 million at LIBOR+2.8%.
Moscow Narodny Bank acted an authorized lead-manager and underwriter of the loan facility. The funds were attracted for Bratsk Pulp and Containerboard Mill entering Ilip Pulp.
Ilim Pulp is the largest forest industry corporation in Russia. Core businesses of the corporation are logging, solid wood products, pulp, containerboard and packaging.
Ilim Pulp holds the first place in Europe and sixth in the world based on forest and logging resources. Ilim Pulp manufactures 77% of Russia's boxboard and 61% of pulp.
Company — Darzhan
Full nameopen joint stock company Darzhan
IndustryPulp, Paper and Wood