OREANDA-NEWS. JSC The Seventh Continent has fully repaid a loan from Dresdner Bank AG London Branch, a report by the company's press-service says. On September 27, 2007, JSC The Seventh Continent has repaid to Dresdner Bank AG London Branch USD 31.8 mln of the rest of the principal loan amount.

The 2-year facility in the total amount of USD 90 mln with an interest rate of 7.25% per annum was acquired in September 2005. On September 27, 2006, the Company has repaid the first part of principal loan in the amount of USD 58.2 mln.

On July 31, 2007, the Company signed the USD 36 mln facility loan agreement with the Black Sea Trade and Development Bank (BSTDB) with a 3-year maturity period. The loan terms included semi-annual interest periods and the grace period. The interest rate is established as 6-month LIBOR + 1.5%.

Earlier this year, on June 21, 2007, the 7th continent successfully placed 5-year bonds (02 series, registration number 4-02-00462-H dated 12/26/2006), raising RUB7 bln.