Far East | Telecoms, media | Finance, business

Dalsvyaz seeks $57m credit

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.
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