LenSpetsSMU redeems first tranche of Bank Saint Petersburg credit line

26.12.2013

On 25th December 2013, CJSC SSMO LenSpetsSMU redeemed the first tranche of its credit line from Bank Saint Petersburg for RUB 50 mn in full and on time.

The credit line is to be redeemed quarterly in accordance of payment schedule, starting from the December 25, 2013. With the redemption of the first tranche credit line debt has decreased to RUB 1.2 bn.

REFERENCE:

On 26th May 2011 Bank Saint Petersburg opened the renewable credit line for RUB 1.25 bn.

CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

+7 (812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com