LenSpetsSMU redeems third tranche of Raiffeisenbank credit line


On Tuesday 6 November 2012, CJSC SSMO LenSpetsSMU redeemed the third tranche of its credit line with Raiffeisenbank for USD 1.58mn in full and on time.

The credit line is being redeemed quarterly in equal installments with the first tranche being paid on May 4th, 2012. Following the redemption of the third tranche LenSpetsSMU’s credit line debt has decreased to USD 9.49mn.


The renewable credit line with Raiffeisenbank for RUB 400mn was opened on 4 May 2011 (for the equivalent amount in USD). According to the credit facility agreement, CJSC SSMO LenSpetsSMU had drawn down a cash total of USD 14.24mn as of May 17th 2011.


Kseniya Savchuk

Acting head of Public Relations

+7 (812) 348-21-25


Yana Yashchenko

Deputy CFO

+7 (812) 349-38-40