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Magadanenergo plans to attract loans for 830 million rubles - EastRussia | Far East






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Magadanenergo plans to attract loans for 830 million rubles

Magadanenergo PJSC (part of RAO ES of the East holding) announced a request for proposals to open a company of two revolving credit lines with a total limit of 830 million rubles, according to customer’s materials on the B2B-Center trading platform

The order is divided into two lots. The first lot is a credit line in the form of an overdraft with a limit of 130 million rubles. The initial (maximum) contract price is 17,502 million rubles. A selection of funds - from January 15 to December 31 2016 of the year (351 day).

The second lot is a credit line with a limit of 700 million rubles with the initial (maximum) price of 98 million rubles. Funds are attracted for 1 year, the sampling period is from January to March 2016, Interfax reports.

Under the terms of the request, the rates for loans should not exceed 14% per annum.

Applications for participation in the request are accepted until December 18, inclusive, the results are scheduled for January 11 of 2016.
Funds are raised against the guarantee of PJSC RusHydro to replenish working capital “Magadanenergo.

PJSC "Magadanenergo" sells energy in the territory of the Magadan Region and the Oymyakonsky Ulus of Yakutia. PJSC RAO ES of the East owns 49% of the company's authorized capital (64,389% of ordinary shares).