Sviaz-Bank Opens Credit Line of 250 mn Rubles to Omskgorgaz
OREANDA-NEWS. November 15, 2013. The winner of a public auction, Sviaz-Bank’s branch in Omsk opened a revolving credit line with a debt limit of 250 million rubles to Omskgorgaz OJSC.
The agreement sets a drawdown period of 24 months. The borrower wants to use the loan funds to increase its working capital.
Omskgorgaz OJSC sells liquefied gas to individuals and corporate businesses from gas distribution units and in cylinders to meet the needs of utilities and households. Omskgorgaz OJSC comprises specialized enterprises piping gas and building, operating, and maintaining gas pipelines.
The company provides maintenance services on gas networks and renovates, modernizes, and replaces their equipment.
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