Project description
and objectives:
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The proposed project envisages a broadening of the EBRD relationship with
DeltaLeasing with providing a syndicated loan of USD 15 million to
DeltaLeasing, a leasing company operating in the Russian Far East, Sakhalin
and Siberia. The loan will be syndicated under A/B structure with EBRD finance
of USD 6 million. The Project is aimed at supporting the leasing sector in the
Russian Far East, Sakhalin and Siberia and the growth of the company’s leasing
portfolio.
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Transition impact:
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The transition impact potential of the Project arises mainly from its support
of the development of the Russian leasing sector, and the leasing sector of
the RFE in particular. This will be the first syndicated loan to a
regionally-based leasing and will therefore have a significant demonstration
effect across the financial markets.
The Project will strengthen the development of the regional private companies
in particular on Sakhalin Island by promoting financial intermediation and
increasing the level of available medium-term resources. The Project will also
introduce commercial lenders to DeltaLeasing and demonstrate that commercial
financing of lease receivables is Achievable in the Russian Far East.
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The client:
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DeltaLeasing, a Russian leasing company established in 1999 and wholly-owned
by the US-Russia Investment Fund (TUSRIF).
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EBRD finance:
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Term loan of USD 6 million (EUR 5 million).
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Total project cost:
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USD 15 million (EUR 12.4 million).
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Environmental impact:
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DeltaLeasing will be required to comply with EBRD’s Environmental Procedures
for Leasing which require adherence to the Bank’s Environmental Exclusion and
Referral List, compliance with the applicable national environmental, health
and safety requirements and submission of an Annual Environmental Report to
the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr. Gregory Sundstrom, Chairman
e-mail: gregorys@deltaleasing.ru
Mr. Oleg Rakitsky, CEO
e-mail: rakitsky@deltaleasing.ru
Telephone: 4232 – 491221
Fax: 4232-491220
Website: www.deltaleasing.ru
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EBRD contact:
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Tatiana Moiseeva, Operation Leader: moiseevt@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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