Siberia | Materials, extraction | Finance, business

Belon redeems $234m loans with VTB

13 Jan '10
Novosibirsk coal company Belon has performed early redemption of loans worth a total of $234m with VTB in late December 2009, the company reports.

The debts were repaid with the funds of Magnitogorsk Steel MMK, raised from bond placement, the firm said.

MMK owns 82.6% shares in Belon through Onarbay Enterprises Ltd.
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