OREANDA-NEWS. May 27, 2014. The branch of Sviaz-Bank (Vnesheconombank Group) in Yekaterinburg has opened a revolving credit line of 100 million rubles to the Bogdanovich Mixed Feed Plant, OJSC.

The loan has been made for a period of 12 months and will be used to increase the borrower’s working capital, including the purchase of grain to be processed into mixed feed.

The company has already drawn down the first tranche of 20 million rubles.

This loan deal is the third loan in the history of cooperation between the Bank and the company, following the two credit lines with debt limits of 50 million rubles and 100 million rubles, respectively, opened to the company in 2013. The latest loan brings up the total funding provided by Sviaz-Bank to the company to 250million rubles.

The Bogdanovich Mixed Feed Plant produces a wide variety of mixed feeds and feed additives for farm animals, fowl, and fish, and sells its own products. The plant shows high growth dynamics, introduces new processes, and upgrades its equipment.