15 Apr '09
Rostov tobacco company Donskoy Tabak has opened its second $17.6m line of credit with Sberbank South-West, Rostov-on-Don, to replenish its circulating assets, Sberbank reported today.
The line of credit has reportedly been opened for two years.
An interest rate has yet to be announced.
In February Donskoy Tabak opened its first $17.6m one-year line of credit with Sberbank South-West, the bank said.
Donskoy Tabak is a subsidiary of Rostov-based Agrokom Group.