Bashkiria involves 2,5 billion rbl. of loans for covering budget deficit

Elvira Latypova

On July 29, the Ministry of Finance RB will spend open tender on granting two nonrevolving credit lines — in the sum of 1 billion rbl. and 1,5 billion rbl. As it is informed on the website of the state purchases, involved resources are intended for partial financing the regional budget deficit and-or repayment of debt obligations of the republic.

The crediting rate should be no more than 8,6 percent per annum. Period of validity of credit lines is five years.

Application forms for participation are accepted till July 23.

The government debt of the republic as of June 1, amounted to 13,87 billion rbl., including 13,08 billion rbl. of internal debt, about 790 million rbl. of external debt.

#credit #line #republic #auctions

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