Far East | Finance, business | Telecoms, media

Svyaz-Bank loans Far East Electrical Communications $40m

17 Jun '10
Svyaz-Bank will lend $40m to Far East Electrical Communications, the bank said.

The borrower will reportedly open a renewable line of credit for 24 months.

The telecom will use the loan to fund current operations and refinance prior debt, the bank explained.

Svyaz-Bank has a reported network of 49 regional offices across Russia; it is part of VEB Bank.

Far East Electrical Communications, a Svyazinvest subsidiary, is one of the largest landline communications operators in Russia’s Far East.
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Tags: loan (791) / Svyaz Bank (39) / VEB (148) / Svyazinvest (14) / Far East Electrical Communications (0) /

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