Investor Presentaiton
Debt level and liquidity
Current net debt approximately US$580 million (as at December 31, 2009)
-
US$ 250 million of Varvarinskoye liabilities maturing in 2013 (35%) and 2014 (65%)
- US$ 350 million of medium- and long-term bilateral loans with Russian banks*
- US$ 20 million of cash
• Undrawn facilities secured by sales of gold and silver are in place for the total amount of US$
270 million
- US$ 100 million with SBERBANK (2.5 years)
— US$ 100 million with NOMOS-BANK (2 years)
US$ 70 million with Gazprombank (2 years)
*Breakdown of long-term bilateral loans:
• US$ 23m with Raiffeisenbank at Libor + 5.75%, final maturity Oct 2010
•
•
•
US$ 70m with UniCredit Bank at Libor + 6%, final maturity Feb 2011
US$ 100m with Raiffeisenbank at Libor + 5%, final maturity Dec 2011
US$ 150m with VTB at Libor + 6.3%, final maturity Jun 2012
EUR 5m with NOMOS-BANK at Libor + 5.5%, final maturity 2015-2016 (ECA-covered loans)
© 2009 Polymetal
24
224View entire presentation