Russian operator MTS has agreed with Sberbank to lower the interest rates on a Rbs59bn financing raised in August and September 2009.
The interest rate on a Rbs47bn loan maturing in September 2013 was reduced by 4.25 points from 16% to 11.75%.
The fixed…
Russian operator MTS has agreed with Sberbank to lower the interest rates on a Rbs59bn financing raised in August and September 2009.
The interest rate on a Rbs47bn loan maturing in September 2013 was reduced by 4.25 points from 16% to 11.75%.
The fixed annual interest rate of 15% on a Rbs12bn loan, with a two-year maturity, has been changed to a floating interest rate, defined as the refinancing rate set by the Central Bank of Russia, which is currently at 8.75% plus a fixed margin of 2.25%.
The changed came into effect on December 28.
