OJSC Belarusian Universal Commodity Exchange

Русский   English




2011.08.22 | VEB, HSBC, EFIC to finance meat project in Russia’s Bryansk Reg

Russian state-owned bank Vnesheconombank (VEB), Australian export insurance agency EFIC, and bank HSBC have signed an individual loan agreement under the financing of a meat production project to be implemented in Russia’s Bryansk Region, VEB said in a statement Tuesday.

The project is expected to be implemented by Russian company Bryanskaya Myasnaya Kompaniya, or Bryansk Meat Company.

Under the agreement, VEB is to take out a U.S. $39.7 million loan for nine and a half years from HSBC in order to finance the Bryansk Meat Company’s contracts on cattle supplies with a number of Australian exporters in 2011.

The contracts are to be guaranteed by EFIC.

VEB has also signed an individual agreement with HSBC to take out $49.6 million in loans for seven years. The funds are to be used for local expenses in 2011.



Back    ●   Home page    ●   Accreditation    ●    Exchange Brokers    ●    Exchange Quotation    ●    Training
Metal Products    ●   Timber    ●   Agricultural Products    ●   Industrial and Consumer Goods
Legal Documents    ●    Bank Details    ●    Contact Information    ●    Sitemap

©OJSC «Belarusian Universal Commodity Exchange», 2005-2014. All rights reserved.
Republic of Belarus, 220099, Minsk, Kazintsa, 2-200
E-mail: info@butb.by

buy, sell: metal, coke, coal, waste, scrab, timber, wood, saw-timber, plywood, chipboard, fibreboad, MDF, matches, grain, rawstock, butter, curd, whey, milk, cheese, casein, rawstock, industrial goods, consumer goods