TMM extends credit line with Oshchadbank to 2015

TMM Real Estate (FSE: TR61 GR) extended existing credit lines with Oshchadbank until December 2015, according to a press release issued yesterday. Previously, repayment was set for January 2011 through January 2013. TMM’s lines of credit at Oschadbank are limited to UAH 745 million, with the current indebtedness totaling UAH 656 million (77.5% of TMM’s total current debt). As reported earlier, in March 2010 TMM received confirmation of financing from Oshchadbank to complete the first stage of the Sonyachna Brama complex, commissioning of which is due in 4Q10.