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INTER RAO YEES OAO's Unit Secures Rosbank Credit Line for RUB 6 Billion-Interfax


Thursday, 1 Aug 2013 01:42am EDT 

Interfax reported that Inter RAO Credit B.V., a special purpose vehicle of Russian power company INTER RAO YEES OAO (Inter RAO), has signed an agreement with Rosbank for a credit line of RUB 6 billion, Inter RAO said in a statement. The total amount of the deal, based on the maximum conditions on the credit agreement, is RUB 6.501 billion. The credit line must be repaid within one year of the first funds being drawn down. The power company has signed a guarantee agreement on Inter RAO Credit's credit agreement with Rosbank that will be in effect until December 31, 2016. Inter RAO's press service said the credit line will be used to finance current operations. 

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