Translated version of this PSD: Russian
The EBRD is considering providing financing to a leasing entity of Deere & Company to be established in Russia (the “Borrower”) to finance leases of John Deere equipment to local agricultural, construction, and forestry customers. Any transaction will be subject to approval by the management and boards of all parties, and to the negotiation and execution of appropriate legal documentation..
The project will support the introduction of a new financing option available to agricultural, construction, and forestry companies interested in acquiring John Deere equipment. Thus, the project would promote expansion of markets for high quality equipment manufactured by John Deere and improve efficiency in the sectors. At the same time, the project would present an example of a successful collaboration between an equipment manufacturer and a financial institution, encouraging other equipment manufacturers and banks in the country to introduce similar schemes.
The new leasing company to be established under the laws of the Russian Federation and will be wholly-owned by Deere & Company.
Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world’s dramatically increasing need for food, fuel, shelter and infrastructure.
Up to RUB 4.7 billion loan to the Borrower and up to RUB 1.6 billion unfunded risk sharing in the portfolio of leases to be extended by the Borrower.
RUB 6.3 billion
Categorised FI. The Borrower will be required to comply with PR2. PR9 will not apply in this case as the client is not a standard financial intermediary. Leasing procedures will be designed to address the environmental and social risks associated with the leasing of agricultural, forestry and construction equipment. The Borrower will submit annual environmental and social reports to the Bank.
Tel : 1 (515) 267-4623
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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