MRSK Severo-Zapada OAO to Take RUB 1.5 Billion Loans from VTB Bank-PRIME

Monday, 9 Sep 2013 03:12am EDT 

PRIME reported that MRSK Severo-Zapada OAO (Northwest IDGC) will open two revolving credit lines totaling RUB 1.5 billion with VTB Bank, the Company said in a statement, RIA Novosti reported. The loans will be provided at 8.1% annually for 36 months. The raised funds will be used to finance Northwest IDGC’s operations. 

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11:12am EDT