logo

John Deere Equipment Financing/Russia

Sector: Consumer Products • Location: Russia

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

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

Project Information FAQ

Project Information

3 Q
The project “John Deere Equipment Financing/Russia” is an infrastructure initiative in the Consumer Products sector, located in Russia. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

Want to explore the full details? View the full report

Participants

Sponsoring Agency

Obfuscated Data

Company

Obfuscated Data

Status

Original status

complete

Taiyo status

Obfuscated Data

Taiyo last update

00-00-0000

Available timestamps

00-00-0000

Available timestamp type

Obfuscated Data

Contact

Contact name

Obfuscated Data

Phone

0000000000

Email

ObfuscatedData@email.com

Address

Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data

Description

Description

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. None. Michael Sharov SharovMichael@JohnDeere.com Tel : 1 (515) 267-4623

Original sub-sector

Obfuscated

Original Currency

USD

Original budget

000000000000000

Procurement method

Obfuscated Data

Budget

000000000000000

Location

Region

Obfuscated

Country

Obfuscated

State

Obfuscated Data

County

Obfuscated

Location

Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data

Source

Source reliability

High

Data quality score

100%

Source

Obfuscated Data

URL

obfuscated_data,obfuscateddata.com

More Details

Project Type

Obfuscated Data

Article Published Date

Obfuscated Data