Sistema signs deal to refinance 24 bln rbl loans with Sberbank - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sistema signs deal to refinance 24 bln rbl loans with Sberbank

MOSCOW, Jul 11 (PRIME) -- Multi-industry holding Sistema has signed an agreement with RussiaТs biggest lender Sberbank to refinance three loans worth 24 billion rubles, with new, three-year maturity, the company said in a statement on Wednesday.

Sistema Vice President and Chief Financial Officer Vladimir Travkov said, as cited in the statement, УOptimization of our debt portfolio remains the primary focus of SistemaТs management. This new agreement with our long-standing partner Sberbank allows us to reduce interest rates and increase the duration of the debt portfolio, making for a more comfortable debt repayment schedule.Ф

End

11.07.2018 11:49
 
 
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