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Article: VTB extends 9.66 bln ruble loan to SUEK.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- February 9, 2009
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VTB extends 9.66 bln ruble loan to SUEK
MOSCOW. Feb 9 (Interfax) - VTB (RTS: VTBR) is providing a loan of 9.66 billion rubles to Siberian Coal Energy Company (SUEK) for 18 months, the bank said in a statement.
VTB currently has 63 billion rubles on loan to coal producers, the statement says.
VTB and SUEK have transacted about 230 loan deals since 2004.
VTB provided 2.5 billion rubles in financing to SUEK subsidiary SUEK-Kuzbass in December 2008.
SUEK accounts for about 30% of the energy coal supplied to the domestic market and roughly 20% ...