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Primorsky Krai announced a tender for a loan in 500 million rubles no more than 10,33% per annum - EastRussia | Far East

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Primorsky Krai announced a tender for a loan of 500 million rubles not more than 10,33% per annum

The Finnish Department of Primorsky Krai announced an auction for the right to extend a non-revolving credit line to the region with a limit of 500 million rubles, which follows from the customer’s materials on the government procurement website. The funds are raised to pay off the budget deficit and the state debt of the region in 2017.

The maximum price of a credit state contract is set at almost 51,7 million rubles. - at the rate of 10,33% per annum. The authorities of the Krai intend to use the credit from December 28, the money is reckoned in a year. Applications for the auction are accepted until 25 October, bidding is scheduled for 30 October.

The budget deficit of Primorsky Krai for 2017 year was approved in 6,6 billion rubles. - with revenues in 84,3 billion rubles. and expenses in 90,9 billion rubles. The state debt of the region at the end of September was 4,98 billion rubles.