News Column

Russian Federation : ROSTELECOM seeks RUB 250 billion credit

June 21, 2014

Russian national operator Rostelecom seeks RUB 250 billion credit from Russian banks VTB and Rosselkhzbank.

Final approval on the proposal is expected during the company's Annual General Meeting to be held on 30 June.

According to the operator, the money will be used to restructure debt and to fund acquisitions.

VTB is expected to provide RUB 150 million in loans and Rosselkhzbank up to RUB 100 billion.

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Source: TendersInfo (India)

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