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Home / Metal News / Pangang Group Signs 14.6 Billion Yuan Loan for Sichuan Project

Pangang Group Signs 14.6 Billion Yuan Loan for Sichuan Project

Feb 28, 2012 09:53

Source:SMM

Pangang Group Co. signed a 14.6 billion yuan syndicated loan with banks for a titanium and vanadium project in western Sichuan province, according to a statement on its website today.

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.

Pangang Group

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