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2010 October 7   12:06

Novoroslesexport eyes getting a $20m loan for 7.5% pa

Novoroslesexport OJSC (part of Novorossiysk Commercial Sea Port, NCSP) plans to raise a loan of $ 20 million, the company press release said.
 
The Facility will be directed for repayment of credit from another bank. Applications are to be submitted until November 8th. The company plans to get the loan for a 7.5% APR for the period up to 18 months.

Novoroslesexport is a universal stevedoring company in the port of Novorossiysk, which is located on the northeast coast of the Black Sea. The company specializes in handling of timber cargoes and containers.

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