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Perspective
09 December 2013

Russian Copper Company successfully closes PXF

Region:
Europe
Jonathan Bell
Jonathan Bell
Editor-in-chief
Russkaya Mednaya Kompaniya (Russia Copper Company – RCC) has successfully closed its $250 million pre-export finance (PXF) facility. The facility is a five-year, copper cathode and copper wire rod PXF in favour of RCC. The facility, which launched in early October, is aimed at refinancing existing debt of the RCC group of companies and for working capital (TXF News 3 October).

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