Nordea has refinanced Four Winds office center

18.08.2011

Nordea has refinanced Four Winds office center

OJSC Nordea Bank has opened a non-revolving credit facility for the refinancing of a multifunctional office complex Four Winds, a joint development project of AFI Development and Snegiri Development.

Maturity of the $ 170 million facility opened by the Bank is 7 years.

Purpose of the facility is refinancing of the current debt and financing of the general corporate needs.

«Commercial realty financing is one of the Bank’s priorities. We are actively cooperating with this segment and are planning a further increase of its share in our credit portfolio», - remarks Mikhail Polyakov, Deputy Chairman of OJSC Nordea Bank’s Management Board.

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