Russian truck maker KAMAZ plans $200 mln loan

Newswire

SINGAPORE, April 1 (Reuters) - KAMAZ , Russia's largest truck maker, plans to borrow $200 million via a syndicated loan in the second quarter of this year to fund its investment programme and to refinance existing debt, a source close to the company said on Tuesday. The source, speaking on the sidelines of an investment conference, told reporters the three-year loan would have a margin of 275 basis points over LIBOR, and was being arranged by Citigroup. He also said KAMAZ, which exported ...

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