The interest rate for the credits issued in February 2009 was lowered from 14 down to 9 per cent annually, a source informs.
Besides, the collateral security, initially comprising 35 per cent of Yakutugol’ and Yuzhnyy Kuzbass stock plus one share was cut to 25 per cent plus one share for each of the assets.
The credit repayment will start in three years and will be effected in equal quarterly shares.