Russian steel producer Evraz Group SA (EVR.LN) said Tuesday it borrowed $404 million from Sweden's Nordea Bank AB (NDA.SK) to repay part of its short-term debt.

The new loan, due to mature in June 2014, has been used to repay debt of $357 million to Nordea that was due in the fourth quarter of 2010, as well as certain other short-term debt, Evraz said.

-By Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9192;

Alexander.Kolyandr@dowjones.com
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