“Rostelecom” plans to involve the credit of the Bank for 5.2 billion rubles

“Rostelecom” plans to involve the credit of the Bank for 5.2 billion rubles


Funds are attracted for modernization, reconstruction, the creation of fixed assets, including design, equipment procurement and installation, construction and installation works.

MOSCOW, 20 Feb. “Rostelecom” plans to attract credit line of Vnesheconombank in the amount 5,199 billion rubles at 10.5% per annum, according to the materials of the operator.

The validity period of credit line – up to February 20, 2026. Part of the loan is ruble equivalent 36,657 million dollars, converted at the conversion rate, equivalent to 2.9 billion rubles. The loan will be in tranches during 12 months from the date of agreement signing, first payment date – 20 February 2021.

As specified in the materials, funds are attracted for modernization, reconstruction, the creation of fixed assets, including design, equipment procurement and installation, construction and installation works. In 2016 one credit of the Bank it will spend 4.9 billion rubles, in 2017 – 265 million rubles.

As a result of the project, the operator plans to connect in 2016-2017 385 thousand subscribers, according to documents.