19 May '10
Far East telecom Dalsvyaz has announced a banking auction for June 16 to seek two renewable lines of credit worth a total of $57m.
There will reportedly be two lots: for $17m and $40m.
Under auction terms, a maximum interest rate will be 8.6%.
The firm has yet to specify why it seeks credit and for how long.
Dalsvyaz is a leading landline, mobile and Internet communications provider in Russia’s Far East. It is part of Russia’s Svyazinvest.