OREANDA-NEWS. On 30 July 2009 CenterTelecom OJSC announced that it has received a RUR3 billion revolving credit line from Globex Bank. According to the loan agreement concluded by CenterTelecom and Globex Bank the loan's term is three years; the interest rate amounts to 18% per annum. The loan will be spent for replenishment of the company's current assets.

The agreement was concluded on the basis of an open tender for the right to conclude a ruble revolving credit line agreement with CenterTelecom OJSC. The tender was announced by the company in April 2009.

In June 2009 after consideration of tender participants' applications, a tender commission agreed on the signing of an agreement with Globex Bank, the only participant whose response corresponded with the tender requirements.

Attraction of the credit line will allow improved indicators for CenterTelecom's liquidity. The revolving loan will reduce the risks associated with the high volatility of interest rates in the market.