October 10, 2018 / 7:18 AM / 11 days ago

Russia's PIK Group draws 19.9 bln rbl credit line from VTB

MOSCOW, Oct 10 (Reuters) - Russia’s biggest housebuilder, PIK Group, has drawn a 19.9 billion rouble ($301.18 million) credit line from VTB bank, the state lender said on Wednesday.

The loan is part of a financing deal signed by VTB and PIK on the construction of a residential property, a statement from VTB said. ($1 = 66.0725 roubles) (Reporting by Olga Sichkar Writing by Tom Balmforth Editing by Andrey Ostroukh)

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