Update: Deutsche funds Hermes-covered Russian pig farm loan

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30 January 2012

Deutsche Bank has signed a bilateral Euler Hermes-backed deal to help fund the construction of three pig farms in Russia.

Deutsche Bank has signed a $117.5 million trade loan on behalf of Russia’s Vnesheconombank (VEB).

The loan will be on-lent by VEB to Voronezh region-based agricultural firm Agroeco to build three pig farms, each...

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