1 Sep '08
Alfa Bank has won a $28.4m loand tender from Avtodetal-Servis, city of Ulyanovsk, the auto component maker said today.
Reportedly, the three-year loan is being granted at a 18-percent interest rate.
The borrowed funds will be used to purchase 39.22% of stock in Serbia's bus manufacturer Ikarbus, of which Marchmont reported earlier (see news of July 31).
Other banks involved in the tender were Absolut Bank and Transcreditbank.