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Sberbank will take Yakutia 2,5 billion rubles to cover the budget deficit and refinancing - EastRussia | Far East

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Sberbank will take Yakutia 2,5 billion rubles to cover the budget deficit and refinancing

The Ministry of Finance of the Republic of Sakha (Yakutia) recognized Sberbank as the winner of four auctions for the right to lend to the region totaling 2,45 billion rubles, according to the customer’s materials on the government procurement website.

For two lots - non-revolving credit lines with a limit of 564,7 million rubles. each - the winner offered a contract price in 140,7 million rubles. with an initial price of 161,1 million rubles. VTB, Gazprombank, SMP Bank and Sovcombank also took part in the auction. Another two lots - non-revolving credit lines with a limit of 660,5 million rubles. each - were exposed at an initial price of 188,5 million rubles. Sberbank reduced the price of one lot to 159,1 million rubles, the other to 160,4 million rubles. Rosbank, VTB, SMP Bank and Sovcombank also took part in the auction.

Calculate for all loans the republic intends for three years.

The funds are raised to cover the budget deficit and refinancing - a partial repayment of the state debt of the region. The budget deficit of the republic on 2017 year approved in 6,397 billion rubles. - with revenues in 189 billion rubles. and expenses in 195,4 billion rubles. The state debt of Yakutia on 1 in November was 50,34 billion rubles, including 5,48 billion rubles. on bank loans. On 1 January 2018, the national debt of the republic should not exceed 51,65 billion rubles.