National Nuclear Generating Company Energoatom has selected Kyiv-based public joint-stock company Alfa-Bank to attract a Hr 300 million renewable credit line and Amsterdam Trade Bank N.V. (the Netherlands) to raise $35 million, reads a company report in the Visnyk Derzhavnykh Zakupivel bulletin.
The report says that the credit of Alfa-Bank was approved on October
29, 2012 and the final agreement is to be signed by November 28, 2012,
that for the loan from Amsterdam Trade Bank – October 24 and November
23, 2012 respectively.
The cost of servicing of the Alfa-Bank’s credit line worth Hr 300
million will be Hr 88.5 million (value added tax not included) or 29.5%
per annum, and the cost of servicing of the Amsterdam Trade Bank’s line
worth $35 million is $10.185 million (value added tax not included) or
8% per annum ($8.4 million) plus 1% of the fee ($1.785 million).
The credit line of Alfa-Bank will be opened for one year, and that of
Amsterdam Trade Bank – for three years from the moment of the signing
of the credit agreement.
The purpose of raising funds is not disclosed.
As reported, it’s not the first time when Energoatom takes credits
from Alfa-Bank and Amsterdam Trade Bank, the subsidiary of Russia’s
Alfa-Bank.
Public joint-stock company Alfa-Bank (prior to January 2011, Kyiv
Investment Bank) was founded in 1993 and is part of Russia’s Alfa-Group.
The biggest shareholder in the bank on October 1, 2012 was Cyprus-based
ABH Ukraine Limited with 80.10%. Russia’s Alfa-Bank owns 19.90%.
Energoatom in 2011 saw its net profit rise by 2.9 times compared to 2010, to UAH 2.38 billion.
Energoatom is the operator of all four Ukrainian-based operating
nuclear power plants, which have 15 VVER reactors with an overall
generating capacity of 13.835 gigawatts.
