OREANDA-NEWS. August 09, 2013. Sviaz-Bank’s branch in Kaluga begins funding two enterprises operating under the name of the Revyakino Steel Rolling Plant, an Open Joint-Stock Company.

A revolving credit line with a limit of 400 million rubles has been opened to the first borrower, the Revyakino Steel Rolling Plant, OJSC, for a drawdown period of one year.

The borrower will use the loan money to refinance loans it has received from other banks and to increase its working capital. A first tranche of 155 million rubles has been issued to it under the loan agreement.

The branch has given an overdraft loan of 100 million rubles to the other borrower, RMZ LLC, for a term of one year to meet its current needs for funds. RMZ LLC has already collected and is using the loan funds.

The Revyakino Steel Rolling Plant is ranked among leading rolled metal manufacturers in the Central Federal District. It is equipped with modern machinery to turn out quality reinforcement products in high demand on the market.