Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Slovenia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Concept Reviewed
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-01-11
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: SLOVENSKA INDUSTRIJA JEKLA DD
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 42.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 255.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-04-03
Disclosure Date: 2016-12-07
Slovenian Steel Group - Loan
EBRD-47923

Project Description
This investment is up to EUR 40 million senior unsecured loan to SIJ-Acroni and SIJ-Metal Ravne, the fully owned subsidiaries of Slovenska Industrija Jekla d.d. ("SIJ" or the "Company"). The Bank's financing will be part of up to EUR 240 million long-term facility. The objectives of this investment would be to contribute to the Company's energy efficiency, investment and refinancing programs (the "Project").
Investment Description
SLOVENSKA INDUSTRIJA JEKLA DD is a niche specialty steel manufacturer, headquartered in Ljubljana, with manufacturing facilities concentrated in Slovenia but heavily focused on exports which account for 85% of revenues. The Company operates two steel plants: SIJ-Acroni - producing stainless steel and special steel quarto plates; and SIJ-Metal Ravne - producing specialized tool steel (long products).
Contact Information
ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.