Rostelekom OAO to receive loans from VTB and Sberbank-PRIME


Friday, 27 Dec 2013 06:59am EST 

Rostelekom OAO:Rostelekom will borrow 20 billion Russian rubles from state-controlled banks VTB and Sberbank to finance its current operations, refinance debt, and purchase securities, the operator said in a statement-PRIME.VTB and Sberbank, chosen at a tender, will provide 10 billion Russian rubles each with 9.75 pct and 8.69 pct interest rates, respectively.Earlier in Dec., Rostelekom took out a 30 billion Russian ruble five-year loan from Sberbank at 8.29 pct, and a 30 billion Russian ruble five-year loan from VTB at 8.34 pct. 

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