Volga | Finance, business | Telecoms, media

Volgatelecom in need of $47m and summons creditors

28 Jul '08
This September NN-based interregional communication operator Volgatelecom will hold a tender to choose credit organizations willing to provide the company with $47m in loans, sources in the company report.

The open tender will have two lots: for a $17m two-year loan and for $30m three-year loan respectively.

For the first lot the maximum interest rate is set at MosPrime plus 3.6 percent, and for the second lot it is MosPrime plus 3.95 percent.
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