Credit line opened for PhosAgro

27.10.2011

Credit line opened for PhosAgro

OJSC Nordea Bank signed a $55 million revolving credit line agreement with OJSC Cherepovets Azot, part of PhosAgro Group.

Maturity – 5 years, grace period – 1 year, intended purpose – general corporate needs.

Nordea Bank has been cooperating with the Group since 2010. «This agreement is an important milestone in the cooperation and opens up new perspectives for our strategic partnership», said Mikhail Polyakov, Deputy Chairman of OJSC Nordea Bank’s Management Board.


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