Translated version of this PSD: Russian
The proposed project involves the expansion of John Deere leasing operations for the lease of agricultural, construction and forestry equipment predominantly by small and medium size companies in Russia. Under the risk sharing facility the Bank will take 1/3rd of the risk in such leases.
The transition impact of the Project is expected to be derived from: (i) demonstration of new replicable behaviour and activities by providing a viable and competitive financing option to small and medium companies; and (ii) greater competition in the project sector aimed at making modern agricultural, construction and forestry equipment more accessible to the customers.
John Deere Financial LLC (the “Company”), the leasing subsidiary of Deere & Company in Russian Federation.
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.
The loan to the Company in the amount of up to USD 180 million (in RUB equivalent) for the financing of leases for John Deere agricultural, construction and forestry equipment; and
The unfunded risk sharing facility in the RUB equivalent amount of up to USD 60 million, where EBRD shares 1/3rd of the risks and benefits associated with the Company’s portfolio of leases.
The total project cost for the financing of leases amounts to USD 200 million and the total amount of portfolio of leases under risk sharing facility is USD 180 million.
Categorised FI. John Deere Financial LLC will be required to comply with EBRD’s Performance Requirement 2 and the relevant procedures for managing environmental and social risk agreed with the EBRD. John Deere Financial LLC will be required to submit an annual report on the implementation of the EBRD’s Environmental and Social requirements to the Bank.
Tel. +7 495 783 39 99
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP