Nordea Bank provides credit facilities for the Tula Regional Administration

07.10.2010

Nordea Bank provides credit facilities for the Tula Regional Administration

OJSC Nordea Bank has provided RUB 800 million non-revolving credit facilities to the Department of Finance of the Tula Region.

The loan agreement was signed after the Bank had won at a public auction held by the Department of Finance of the Tula Region on 14 September 2010.

The Bank won two lots out of seven and was entitled to provide two non-revolving credit facilities of 400 million roubles each.

The purpose of the financing is redemption of the Tula Region government liabilities.

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