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Russia’s major tank producer restructures its debt to Czech Export Bank — official

March 23, 21:21 UTC+3 PRAGUE
The debt is restructured until 2021 at 2.9% annual interest rate
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© ITAR-TASS/Alxander Ryumin

PRAGUE, March 23. /TASS/. Russian mechanical engineering company Uralvagonzavod (UVZ) negotiated restructuring of its $56 mln debt to the Czech Export Bank, UVZ Chief Executive Oleg Sienko said on Wednesday.

The debt is restructured until 2021 at 2.9% annual interest rate, Sienko said. The relevant memorandum was signed in Prague by UVZ Chief Executive and CEO of the Czech Export Bank Karel Bures.

The loan was extended to UVZ in 2007 for leasing supplies of technology equipment to the company.

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