AFI Development to Partially Repay Loans
May 20 2019 - 12:50PM
Dow Jones News
By Oliver Griffin
AFI Development PLC (AFID.LN) on Monday said it has agreed to
partially repay some of its loans to lender VTB Bank (VTBR.MZ) in
relation to two projects in Russia.
The company has three loan agreements relating to the projects
that will mature in 2022, with a total outstanding balance of 37.7
million euros ($42.1 million).
AFI Development said its subsidiaries will repay EUR34.8 million
of the loans, which were made in relation to the Plaza Spa
Kislovodsk and Plaza Spa Zheleznovodsk projects.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
May 20, 2019 12:35 ET (16:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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