North Caucasus | Finance, business | Industry, manufacturing

Unicreditbank loans $13m to Monocrystal

15 Feb '11
Stavropol region-based synthetic sapphires and pastes for metallization producer Monocrystal has taken out a $13m investment loan with Unicreditbank, the bank reports.

The funds are reportedly to be loaned for seven years, the interest rate has yet to be disclosed.

Under plans, the funds are to be used to finance the company’s investment program for 2011.
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Locations: Stavropol Krai

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