Rostelekom OAO Launches Tender for RUB 20 Billion Credit Line-PRIME

Friday, 20 Sep 2013 04:16am EDT 

PRIME reported that Rostelekom OAO (Rostelecom) has started accepting bids for a tender to open a RUB 20 billion credit line for five years, Rostelecom said in a statement. The interest rate of the credit line should not be over 13% annually, Rostelecom said. The operator will announce the winner no later than on October 15. Rostelecom plans to use the borrowed funds to finance its current operations, refinance liabilities, pay dividends, finance transactions with securities, and provide loans to its subsidiaries. 

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