News and Press Releases

23 December 2013

Loan Agreement

On November 27, 2013, VTB Leasing and JP Morgan Chase Bank. signed a Loan Agreement supported by a Loan Guarantee from the Export-Import Bank of the United States. According to the loan structure, the US government covered the credit risk of VTB Leasing as borrower, while JP Morgan Chase Bank provided a 7-year USD$53,000,000 loan. The transaction refinanced previous expenses for the supply of 3 heavy duty model 2800 XPC excavators manufactured by U.S. based P&H Mining Equipment Inc. This transaction demonstrates the potential for attracting competitive financing under the export coverage of the US government. US EX-IM Bank - The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank's mission is to assist in financing the export of U.S. goods and services to international markets.

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