Vneshtorgbank (VTB) and Moscow Narodny Bank (MNB) served as the organizers of a S62.4 million syndicated loan for Angola's HydroChicapa S.a.r.l., a subsidiary company of Russia's Alrosa, VTB said in an October 4 release. The six-year loan, which will be guaranteed by Alrosa, will be used to complete the construction of a hydroelectric station on the Chicapa River in Angola.
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