Bloomberg News

Sistema’s Indian Unit Receives 12.8 Billion Rupee Loan

January 12, 2012

(Sistema corrects statement to remove reference to loan being guaranteed by bank in second paragraph.)

Jan. 12 (Bloomberg) -- Sistema Shyam TeleServices Ltd., an Indian unit of Russian billionaire Vladimir Yevtushenkov’s AFK Sistema, received a 12.8 billion rupee ($247 million) loan organized by Deutsche Bank AG.

The loan was provided in the form of nonconvertible bonds and is for eight years, Moscow-based Sistema said in an e-mailed statement today. It didn’t disclose the interest rate.

--Editor: Scott Rose

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Scott Rose at rrose10@bloomberg.net


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