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HSBC funds Russian cattle imports
24 August 2011
Russian state-bank VEB and HSBC funds Australian exports of cattle to Bryansk Meat Company, under a guarantee from Australian export credit agency EFIC.
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export credit agency
eca
Bryansk Meat Company
VEB
HSBC
EFIC
cattle
Russia cattle
EFIC export guarantees
HSBC, through Russian state bank Vnesheconombank (VEB), has signed a $39.7 million loan agreement allowing Russia’s Bryansk Meat Company to purchase breeding cattle from Australian suppliers.
The loan signed on 16 August 2011 is underwritten by Australia’s export...
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