Russia ensuring rights of workers at FIFA World Cup construction sites — officialSport May 26, 3:08
Russian emergencies minister arrives in flood-hit southern RussiaWorld May 26, 2:56
NATO to join anti-IS coalition but unlikely to engage in combat — chiefWorld May 26, 0:23
Son of LUKOIL corporation co-owner tops list of Russia's richest legateesBusiness & Economy May 26, 0:23
Russian Foreign Ministry: OPCW not rushing to investigate chemical incident in SyriaRussian Politics & Diplomacy May 25, 21:28
Russia’s legendary barque Kruzenshtern calls at Belgian portSociety & Culture May 25, 20:26
OPEC and non-OPEC countries to develop cooperation outside Vienna agreementBusiness & Economy May 25, 19:44
Russia squared-off with Western media blitz to smear World Cup preparationsSport May 25, 19:35
NATO seeks to continue and expand dialogue with RussiaWorld May 25, 19:01
“VEB is ready to consider 37.5% in Mechel-Mining as collateral for the loan,” one of the sources said. Sberbank and VTB, other creditors of the group, do not mind against this move, the other source said.
Mechel is seeking a 1-year bridge loan with an interest rate at 11% annually to repay its short-term debt, the sources said.
Mechel already pledged 37.5% in Mechel-Mining against VTB loans and 25% against Sberbank loans, which means that the group is ready to pledge 100% in Mechel-Mining for loans from state-run banks.
In July, VEB CEO Valery Dmitriyev said that the bank was not interested in buying Mechel’s convertible bonds or in granting loans to a consortium comprising assets of Mechel, Evraz and VEB’s rolled stock producer Amurmetal.