Russian operator MTS has repaid E413m worth of loans to a consortium of banks led by the EBRD while renegotiating favourably the interest rate on a credit line with the Bank of Moscow.
The EBRD-led loans were signed in June 2009 to finance the…
Russian operator MTS has repaid E413m worth of loans to a consortium of banks led by the EBRD while renegotiating favourably the interest rate on a credit line with the Bank of Moscow.
The EBRD-led loans were signed in June 2009 to finance the development of 2G and 3G networks. The EBRD provided E218m, while the Nordic Investment Bank loan brought E80m and the European Investment Bank put E115m.
In addition, MTS has negotiated the reduction of annual interest rate on a Rbs22bn (E578m) credit line provided by the Bank of Moscow from 10.25% to 8.99%.