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TENEX Draws Down New Syndicated Loan

Granted for a term of three years, the loan carries an annual interest of Libor +3.85%. The arranger of the deal, Deutsche Bank, also acts as the facility and security agent, with Rosbank appointed as the passport bank.

The funds obtained are primarily intended to be used for general corporate purposes.

The previous syndicated loan, worth US$500 mln, was extended to the Company in 2011.

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