OREANDA-NEWS. June 18, 2007. On July, 10 of the current year during the session the shareholders of the Novorossiysk Commercial Sea Port will examine the opportunity to take a credit in Bank Austria Creditanstalt AG and International Moscow Bank of total amount of $118 mn. Such a decision was made during the session of the directors' board of the company held on June, 1.
 
The interest rate will total 6.9% annually, but it can be increased up to 8.9%. Credit period - 3 years.
 
If the credit agreement with Bank Austria Creditanstalt AG and International Moscow Bank is not closed, the shareholders will study the credit agreement with Morgan Stanley Senior Funding, Inc. (MSSF). The conditions of this agreement are the following: $118 mn for 3 years with the interest rate of not more than 9%. The purpose is to refinance its depths to Sberbank.