North-Western Telecom seeks $550 million loans

North-Western Telecom has announced an open tender for $500 million worth of four different lines of credit, the firm said.

Under tender terms, for two of the LOCs a maximum rate of 8.5% has been set; for a third it is 3%; and for a fourth it is 2.5%.

Bids will be reportedly processed on March 4 and results announced on March 5.

North-Western Telecom is the largest landline communications provider in Russia’s North-West.

Topics: Finance, Loans & bonds, Mobile & Telecom, News, North-West, Operators & Networks, Regions & cities
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