Pangang Group Signs 14.6 Billion Yuan Loan for Sichuan Project-Shanghai Metals Market

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Pangang Group Signs 14.6 Billion Yuan Loan for Sichuan Project

Industry News 09:53:31AM Feb 28, 2012 Source:SMM

Feb 27, 2012 -- Pangang Group Co. (PISZ), a Chinese steelmaker, signed a 14.6 billion yuan ($2.32 billion) syndicated loan with banks for a titanium and vanadium project in western Sichuan province, according to a statement on its website today.

The loan is with Industrial & Commercial Bank of China, Bank of China Ltd., Export-Import Bank of China, Agricultural Bank of China and Liangshan Prefectural Commercial Bank, the notice said. Pangang Group Finance Co. is also involved in the facility, according to the statement.
 

Key Words:  Pangang Group  steel mill 

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Pangang Group Signs 14.6 Billion Yuan Loan for Sichuan Project

Industry News 09:53:31AM Feb 28, 2012 Source:SMM

Feb 27, 2012 -- Pangang Group Co. (PISZ), a Chinese steelmaker, signed a 14.6 billion yuan ($2.32 billion) syndicated loan with banks for a titanium and vanadium project in western Sichuan province, according to a statement on its website today.

The loan is with Industrial & Commercial Bank of China, Bank of China Ltd., Export-Import Bank of China, Agricultural Bank of China and Liangshan Prefectural Commercial Bank, the notice said. Pangang Group Finance Co. is also involved in the facility, according to the statement.
 

Key Words:  Pangang Group  steel mill