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. Last Updated: 07/27/2016

Komi Gets Loan

Russia's autonomous Komi Republic has received a $50 million six-month bridging loan from SBC Warburg, the republic's financial adviser KomiTEK oil company said in a statement Monday.

Komi has said it planned to issue a $100 million to $150 million five-year Eurobond early in 1998.

KomiTEK said a framework agreement on the bridging loan was signed Nov. 27.