Far East | Technology & innovation | Finance, business

Radiopribor seeks Sberbank’s $22m, pledges realty

13 Feb '09
Radiopribor expects to open a $22m nonrenewable line of credit with Sberbank, Interfax reported today.

The Vladivostok-based company reportedly seeks loans at within 17-percent interest rates for two years and offers its real estate projects as pledge, the report says.

The largest producer of radio electronics in Russia’s Far East is to spend the funds on current investment projects, the news agency said.
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