Nordea Bank will provide a 300 million rouble facility to Voronezh

14.12.2009

Nordea Bank will provide a 300 million rouble facility to Voronezh

Nordea Bank will provide three credit facilities of 100 million roubles each to the municipal authority (the administration) of the city of Voronezh.
The tenor is 1 year, the interest rate is 12% per annum.
The money was raised with the approval of the city Duma, the municipal legislative body. The facility will be used to cover the budget deficit in the current financial year.

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