South West | Energy, utilities

MRSK South looking for $16m at max. 17.5%

25 Aug '09
Interregional distribution grid company MRSK South has announced an open tender among banks for a $16m loan contract.

The company is reportedly looking for 1.5-year loan. The starting interest rate is set at 17.5%, the auction step is 5%.

The tender is scheduled to be held on September 4, 2009.

Under plans, the raised funds are to be used to replenish the companys circulating assets and to finance the firms current operations.
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