Sviaz-Bank Opens Credit Lines to Bogdanovich Mixed Feed Factory
OREANDA-NEWS. November 14, 2013. Sviaz-Bank’s branch in Yekaterinburg has opened two revolving credit lines with debt limits of 100 million rubles and 50 million rubles, respectively, to the Bogdanovich Mixed Feed Plant, OJSC, for a drawdown period of 12 months.
The borrower will use the credit line funds to increase its working capital, including assets to buy grain for processing into feed.
At the moment, the borrower has drawn down 140 million rubles under the loan agreement.
The Bogdanovich Mixed Feed Plant, OJSC, is a fast-developing enterprise that modernizes its equipment regularly and introduces new manufacturing techniques. The plant today supplies up to 50% of mixed feed needs in Sverdlovsk Region.
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