New loan for OJSC MRSK South

29.04.2010

New loan for OJSC MRSK South

OJSC Nordea Bank has issued a loan to OJSC Interregional Distribution Grid Company of South (Rostov-on-Don) under the loan agreement signed on April 19, 2010.

The loan totaling 1.9 bRUB has a 3 year maturity period. Signing of the agreement between the Bank and MRSK South was a result of the Bank’s winning a tender organized by the Company.

Pursuant to the tender, the loan is unsecured and envisions a balloon payment.

The Company plans to use the loan amount for the purpose of financing its day-to-day activities.

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