Brunswick signs, club loans keep Russia open

split tracks_230px
By Michael Turner
24 Jul 2014

Russia's Brunswick Rail, the privately owned freight railway carriage operating lessor, has signed an Rb8bn ($228m) two year loan from international banks, as small club structured deals continue to give Russian lenders access to the loan market in the face of sanctions fears.

Citi, ING, Raiffeisen Bank International, Raiffeisenbank and UniCredit provided the facility. UniCredit was co-ordinator and facility agent.

Brunswick Rail can draw down on the facility any time over the next 12 months.

This facility will be used alongside proceeds from a $150m European Bank for Reconstruction and Development ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial