OREANDA-NEWS. September 21, 2009. The results of an open tender for the right to make a contract of opening a credit line with the limit of 500 mln. rubles were summarized. The open tender was held in accordance with Federal Law No. 135-FZ “On the Protection of Competition”.

Applications of the following banks were admitted to the tender: BANK OF KHANTY-MANSIYSK, UniCredit Bank CJSC, Bank of Moscow, Interregional Commercial Bank for the Development of Communication and Information Science (Svyaz-Bank OJSC).

The tender commission assessed and compared applications for the tender in accordance with the criteria and the procedure stated in the notification about the tender and the tender documentation. UniCredit Bank CJSC was recognized the winner, having suggested the most advantageous credit conditions.

According to conditions of the documentation of the tender and the application of the tender participant, a contract will be concluded between Sibirtelecom OJSC and UniCredit Bank CJSC as follows:

§         Validity period of the credit line - 36 months from the date of contract;

§         The interest rate for the use of the lending resources – 14.5% per annum;

§         Drawdown date of the credit line – 90 days;

§         The credit is not secured by mortgage.

It is planned to use the attracted lending resources for the financing of current activities.

More detailed information about the held tender can be found on the official site of the Company in the section “Tenders and auctions”.