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A:
Serbia, Russia to sign $200m loan agreement
Belgrade,
6 April 2010
Minister of Finance Diana Dragutinovic and Russian Deputy Minister of Finance Dmitry Vladimirovich Pankin will sign a loan agreement worth $200 million on 7 April, approved for Serbia as support to its budget and for financing its deficit.
The Ministry says in a statement that the annual interest rate will be determined on the basis of LIBOR for six month deposits denominated in dollars, plus 2.95%.
The grace period will last until March 2012 and the deadline for repayment is the end of 2021, the statement adds.
The grace period will last until March 2012 and the deadline for repayment is the end of 2021, the statement adds.
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