DeltaLeasing Syndicated Loan

complete

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. 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. DeltaLeasing, a Russian leasing company established in 1999 and wholly-owned by the US-Russia Investment Fund (TUSRIF). Term loan of USD 6 million (EUR 5 million). USD 15 million (EUR 12.4 million). 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. None. 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