Sberbank and VTB bank have been announced the winners of an open tender, held by the interregional telecom operator North-Western Telecom, for loan contracts worth a total of $528 million, the company reports.
Specifically, the company is reportedly to open two five-year $176 million non-revolving lines of credit at 8.05% interest rate each with Sberbank.
Under plans, VTB bank is to loan a revolving five-year $70 million line of credit at 1.6% and three-year revolving line of credit of $106 million at 1.4% interest to the company.
