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Russian banks organise syndicated loan for Quadra

Russia’s Gazprombank and Sberbank have jointly arranged a RUB10 billion ($307.2 million) syndicated credit line for Quadra – Power Generation (JSC Quadra), with the first tranche being drawn. Quadra will use the funds to finance its investment programme to construct new generating facilities under contracts for providing electric power to the wholesale electricity market.

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