Siberia | Telecoms, media | Finance, business

BSGV wins Sibirtelecom's $19m loan tender

7 Oct '08
International bank BSGV has won a public tender for the right to loan Novosibirsk's Sibirtelecom $19m, sources in the bank reported today.

The three-year loan is expected to be given at a MosPrime + 2.8-percent interest rate, the sources specified.

The telecom company plans to use the loan to fund its investment projects and augment its circulating assets.
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