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Konecranes – export financing
23 March 2009
ECA finance lifts port development
Read more:
Konecranes
Finnvera
Credit Suisse
UralSib
St Petersburg
container port
Russia
Leasing
For a transaction that, in the end, evolved into a fairly straightforward bank-to-bank loan with Finnvera cover, the Konecranes transaction involved a number of phases and issues that, combined with an ultimately tight schedule, were resolved only through smooth cooperation of all the parties involved in structuring the deal. Negotiations on the transaction, part of the St Petersburg container terminal project, began at the beginning of 2008 between Finnvera and the buyer, Uralsib Leasing Company. Prospective financiers entered the negotiations only during the latter part of Q3/2008, at which point part of...
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