LenSpetsSMU and Alfa-Bank sign an agreement for a multicurrency credit line in an amount equivalent to USD 20 mln

27.11.2012

Alfa-Bank has provided a USD 20 mln revolving line of credit for CJSC SCAA LenSpetsSMU (part of the Etalon Group of Companies).

The revolving line of credit is available until December 30, 2017. The company can borrow funds in rubles, US dollars or euro. The funds thus raised will help achieve corporate objectives.

The agreement has become the next step in the long-term cooperation between Alfa-Bank Group and LenSpetsSMU, being the sixth one in the history of the companies’ bilateral relations. In 2007–2012 LenSpetsSMU raised four loans from Alfa-Bank and two loans from its subsidiary — Amsterdam Trade Bank — totaling USD 61 mln and EUR 83 mln. Today, Alfa-Bank and LenSpetsSMU, partnering with German bank Landesbank Berlin AG and Budostal-3 Export, a Polish construction company, are working on a EUR-44-million project on international financing of construction of two blocks of the “Swallow’s Nest” residential complex.

CONTACT DETAILS:

Kseniya Savchuk

Acting head of Public Relations

+7 (812) 348-21-25

Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com