Petra's St Petersburg project gets third Sberbank loan

Petra, the Russian residential and commercial property developer, has signed a $96m loan from Sberbank. This is the third such deal between the two since November 2011.

  • By Michael Turner
  • 30 Oct 2013

The new credit line has a four year maturity and will be provided to Petra in three instalments over three years. It is secured by mortgages, pledges and other contractual-related property security that Petra holds.

Petra, a subsidiary of Russian property developer MirLand, will use the financing for the ...

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