Sberbank raises interest rates on Beeline loans

Thursday 26 March 2015 | 19:45 CET | News
Russian bank Sberbank has raised interest rates on three credit lines provided to Vimpelcom, reports Cnews.ru. The interest rates previously varied from 9 percent to 10.75 percent and now range from 14.5 percent to 16.25 percent. The debt of the operator under the credit lines totaled RUB 89 billion at the end of 2014. The largest credit line totals RUB 61.5 billion, due in 2018 with an annual interest rate of 9 percent. A RUB 25 billion credit line must be re-paid by 2017 and carried annual interest of 10.75 percent. The third credit line is worth RUB 2.6 billion and expires at the end of

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Categories: General
Companies: Beeline / Vimpelcom
Countries: Russian Federation
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