Board of Directors of Comstar UTS Approved Six-Month Loan for US$ 675 Million
OREANDA-NEWS. “COMSTAR – United TeleSystems” (“Comstar UTS”) (LSE: CMST), the leading provider of integrated telecommunication services in Russia and the CIS, today announced that it has arranged a US$ 675 million six month loan facility with ABN AMRO Bank N.V.
The interest rate was fixed at 1.2% above LIBOR. The term of the loan can be extended to twelve months.
The loan has been raised in connection with the recent acquisition of the 25% plus one share in Svyazinvest.
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