VTB doubles loan to Detsky Mir to 8 bln rbl, prolongs till ‘27

MOSCOW, Jan 21 (PRIME) -- VTB has signed an additional agreement to prolong a 4 billion ruble loan to children goods retailer Detsky Mir until 2027 and raise it to 8 billion rubles, a spokesperson for Detsky Mir told PRIME on Tuesday.

The official said that the changes took place in the framework of a credit line initially amounting to 2 billion rubles. “We have raised this line again to 8 billion rubles from 4 billion rubles and prolonged it until 2027. The tranches which we will take in the framework of this line cannot exceed 8 billion rubles total,” the spokesperson said.

The funds will be used to finance operating activities.

(61.4654 – U.S. $1)

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