For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Vnesheconombank raises credit facilities from german DZ BANK AG to finance construction of Kazbek technological park

December 18, 2012
State corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and DZ BANK AG Deutsche Zentral-Genossenschaftsbank (DZ BANK AG), Frankfurt am Main concluded loan agreements to finance a project aimed at creation of the first innovation technological park on territory of Chechen Republic.

The loan agreements were signed by Mr. Alexander Ivanov, Deputy Chairman, on behalf of Vnesheconombank and by Mr. Manfred Fischer, Managing Director, on behalf of DZ BANK AG.

DZ BANK AG provided a 10-year facility of up to EUR42 million, insured by the German export credit agency Euler Hermes, for financing of 85% of the German equipment supply contracts and up to 100% of the respective insurance premium.

A 7-year, up to EUR7 million commercial facility was also raised by Vnesheconombank from DZ Bank AG.

The project is implemented by ZAO “Kazbek Innovation Construction Technological Park”. The total project value is 5 billion rubles, with Vnesheconombank’s commitment being 4.4 billion rubles. The technological park comprises four interlinked modern construction materials production lines: autoclaved aerated concrete blocks and panels, fibre cement sheets, dry mix mortar, burned lime.
Company — VEB
  • Full name
    State Development Corporation "VEB.RF"
  • Registration country
  • Industry