Central regions | Energy, utilities | Finance, business

Svyaz-Bank to loan $32m to MRSK Center and Volga

3 Dec '10
Svyaz-Bank has been announced the winner of an open tender, held by interregional distribution grid company MRSK Center and Volga, for a right to open a $32m non-revolving line of credit, the bank reports.

The funds are reportedly to be loaned for five years, the interest rate has yet to be disclosed.

Under plans, the funds are to be used to finance the companys daily operations.
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