Sponda said has signed financing agreements with banks for a total €200m to fund its strategic expansion in Russia. The Finnish property company has agreed a seven-year, EUR 150 mln credit facility with Danske Bank and is getting a further EUR 50 mln in financing from Ilmarinen Mutual Pension Insurance Company. Last week, Sponda purchased two fully-leased shopping centres in Moscow for a total of $109m (EUR 71.5m) from LR Russia.
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