Siberia | Retail, FMCG | Finance, business

Sberbank to loan $32m to Holiday

6 Jul '09
Novosibirsk retailer Holiday is to open a $32m line of credit with Sberbank, the bank reports.

The funds are reportedly to be transferred in two tranches, with $16m given to the company on June 30, 2009, and another $16m to be transferred in July.

The LOC terms and interest rate have yet to be disclosed.
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