The proposed project consists of a Syndicated Loan to the Moscow based leasing operation of the RZB. The Loan will finance leases made to Russian and Western-owned companies in a variety of industries. All leases financed by the Loan will be for companies with private ownership. The main objective of the project is to support Raiffeisen Leasing’s further expansion by providing long-term debt facilities, diversifying the Company’s funding base and assisting its efforts in Russia through approaching the commercial debt market and taking the lead in the syndication of the Leasing Loan.
The transition impact potential of this project arises mainly from its support to the development of the Russian leasing sector and the subsequent increase in the financial sector intermediation which is still at a comparatively low level. In addition, the project will support a wider application of the internationally acceptable leasing practice in Russia, promote competition in the leasing sector and have a significant demonstration effect across the financial markets.
Raiffeisen Leasing was established in February 2000 to conduct financial leasing in Russia. The Company is owned 50% by Raiffeisen Bank Russia and 50% by Raiffeisen Leasing International, which owns the shares of the leasing subsidiaries operating in CEE and CIS.
Syndicated Leasing Loan for USD 60 million.
USD 60 million.
Raiffeisen Leasing is required to apply the Bank's environmental procedures for local leasing lending. In implementing these procedures Raiffeisen Leasing will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.
Nikoloyamskaya 13/2 109240 Moscow
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