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Lokomotive-leasing – bilateral loan

23 March 2009

Back on track in Kazakhstan

Read more: [Lokomotive-leasing] [Kazakhstan] [RBS] [GE] [Kulager] [Simon Jones]

This financing managed to buck the market trend and produce a large flexible bilateral loan to a prime corporate in Kazakhstan. Even more impressively RBS/ABN Amro agreed to undertake the deal without the aid of an export credit agency but still delivered the financing for a key strategic infrastructure project for the Kazakhstan government. RBS/ABN Amro as the sole arranger on the deal, arranged a $141 million bilateral loan to Kazakhstan's Lokomotive-leasing to finance the acquisition of equipment for the construction of a locomotive plant. The deal...


Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%