“Rostelecom” will attract a credit line for VTB to 35 billion rubles

“Rostelecom” will attract a credit line for VTB to 35 billion rubles


Funds are raised to Finance operating, investing and financing activities of the operator, including refinancing of current obligations, according to representatives of “Rostelecom”.

MOSCOW, 3 Mar.Prime. VTB won the open request for quotations “Rostelecom” for the right to provide non-revolving credit line with a limit of 35 billion rubles for a period of 5 years, according to the materials of the operator.

VTB Bank offered rate is the key rate of the CBR plus is 1.19%. The maximum rate was fixed by the terms of the competition at the level of the key rate plus 1.65 percent per annum. In addition to VTB, the request also involved the savings Bank, offered loans under the key rate of the CBR plus was 1.47%.

According to the documents of JSC “Rostelecom” provided the means, the operator can choose five tranches up to 30 June 2017. Funds are raised to Finance operating, investing and financing activities of the operator, including refinancing of current obligations.

According to data as of September 30, 2015 net debt of Rostelecom amounted to $ 174,899 billion, a decrease of 4% compared with the figure at the end of September 2014 (181,917 billion rubles).

The net debt to OIBDA ratio decreased to 1.7 from 1.8. Total debt increased by 2% since the beginning of 2015 and by 30 September was $ 192,9 million. About 99% of total debt was ruble-denominated obligations.