Volga | Finance, business

Saratov region looking for $260m loans

21 Apr '10
Authorities in Saratov region have announced an open tender among banks for loan contracts worth a total of $260m to finance the regional 2010 budget deficit, regional officials report.

The authorities are reportedly looking for two loans – 17-to-20-month $120m loan and 33-to-36-month $140m loan.

Starting maximum interest rates are set at 12% and 12.5% respectively.

The auction is scheduled to take place on May 12, 2010.
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