The Ukrainian unit of Russia’s OAO Sberbank (SBER) won a tender for a $40 million loan to the railway company DP Pivdenna Zaliznytsya, Interfax-Ukraine newswire reported, citing government documents.

PAT Docherniy Bank Sberbanka Rossii will provide the three- year loan, which carries an annual interest rate of 12 percent, Interfax said. The loan agreement was signed on Aug. 17, according to Interfax.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net