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MegaFon – export credit financing
26 March 2010
Direct route through CDB for MegaFon
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MLA: China Development Bank
Borrower: MegaFon
Amount: $300 million
Tenor: 7-years – door-to-door
Lawyers: White & Case
Equipment exporter: Huawei Technologies |
What is particularly unusual about this $300 million financing for MegaFon, the third largest mobile telecoms operator in Russia, is that the export buyer’s credit facility was done without any export credit agency involvement. This is the largest direct deal provided to a Russian telecoms operator without any ECA coverage or collateral support.
China Development bank (CDB) acted as sole arranger and lender. The funds support equipment purchases from China’s Huawei Technologies...
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