OREANDA-NEWS. November 27, 2008.  Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces signing of a USD 1,006.5 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).

The first tranche in the amount of USD 201.3 million was used to refinance the Company's short-term debt.

VEB approved credit lines for Evraz to refinance the Company’s indebtedness under the syndicated loans in the amount of USD 1,006.6 million and USD 800 million.