Nordea Bank opens a credit line for the PhosAgro Group

02.10.2012

Nordea Bank opens a credit line for the PhosAgro Group

OJSC Nordea Bank has signed a new loan agreement with OJSC PhosAgro-Cherepovets, part of the PhosAgro Group.

The loan is provided in the form of non-revolving credit line for 3.5 years with no collateral – against a guarantee from the holding company OJSC PhosAgro.

The Company is planning to allocate the loan to the financing of its operational activity.

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