Imported Equipment
Structured Finance
The financing target is a foreign or domestic contract covering supplies of equipment, machinery, production lines and mini plants, as well as construction works, engineering, installation, finishing, debugging and commissioning services, etc.
ECA-covered transactions are the best solution to finance the following goods and services:
Plant and Equipment:
- Vehicles (buses, trains, trucks, etc.)
- Infrastructure (railways, motorways, roads, pipelines, etc.)
- Industrial equipment (heat and power generating machinery, steel making equipment, production lines, elevators, cranes, etc.)
- Agricultural machinery (combine harvesters, agricultural tractors, timber stacking machines, conveyors, etc.)
- Telecommunications equipment
- Printing and food processing equipment
Additional services when included into the export contract:
- Introduction of new technologies
- Special testing
- Agency services
- Training
- Controlling
Standard Terms
| Instruments |
Direct loan to the purchaser, letter of credit with post-financing, deferred payment letter of credit |
| Period |
Up to 10 years |
| Amount |
min. USD 3 million or equivalent in another currency |
| Loan currency |
USD, EUR, RUB |
| Interest rate |
min. 3.5% + LIBOR/EURIBOR
additional fees (as determined for each individual transaction) |
| ECA guarantee cost |
min. 3% of the loan |
| Bank's fee |
min. 0.7% of the loan |
| Repayment schedule |
Up to three years – at maturity.
From 3 to 7 years – by equal semiannual installments, starting with the 6th month after the shipment / commissioning / acceptance date.
Up to 10 years – possible payment deferral (if the loan is used to finance an import delivery and further installation of the equipment). |
| Additional terms |
The loan covers up to 85% of the contract amount. The remaining part (min. 15%) is paid in advance by the importer. |
Advantages of Absolut Bank Long-term Finance
- Turn-key financial solutions for retrofit and upgrade projects involving construction works, import of expensive equipment, engineering services, etc
- Favorable repayment terms
- Broad coverage area of finance
- Assistance in searching for international partners to run construction projects
- Flexible approach to the borrower
- Time-to-yes of max. 10 business days
Contacts in Structured and Trade Finance Department:
| phone: |
+7 495 777 71 65 |
| Olga Zakhartseva |
|
| Julia Chaykina |
|
| Natalia Bolgova |
|
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