RUSSIA: Sberbank credit line for auto plastics maker
Samara Region-based auto components manufacturer Plastic has signed an agreement to take out a RUB1.42bn three-year non-revolving credit line from Sberbank.
Samara Region-based auto components manufacturer Plastic has signed an agreement to take out a RUB1.42bn three-year non-revolving credit line from Sberbank.
The annual interest rate on the credit line is 16.25%, according to Prime-Tass. It will be used to replenish working assets and finance capital repair and technical modernisation, among other purposes.
Plastic produces a variety of plastic components for automakers including AvtoVAZ, GM-AvtoVAZ, GAZ, UAZ and Kamaz.
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