Volga | Energy, utilities | Finance, business

Globex Bank loans $31m to TGC-5

18 Aug '09
Cheboksary-based power generating company TGC-5 has opened a $31m line of credit with Globex Bank, the bank reports.

The LOC is reportedly opened for two years, the interest rate has yet to be disclosed.

Under plans, the funds are to be used to finance the companys circulating assets.
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