Authorities in Tomsk region have announced an open tender among banks for loan contracts worth a total of $37.7m.
The regional authorities are reportedly looking for four loans – a $19.7m one-year loan at up to 8% interest rate, and three $6m three-year loans, with the starting maximum interest rate set at 9.3%.
The participation bids are accepted till August 30, with the auction to be held on September 9, 2010.