The Russian Bank for Development Has Signed a Tripartite Agreement with HSBC Bank plc and Export Finance and Insurance Corporation (EFIC)
OREANDA-NEWS. On May 08, 2007 the Russian Bank for Development (RBD) has signed a tripartite agreement with HSBC Bank plc, London and Australian Export Finance and Insurance Corporation "EFIC" on opening of a credit line for Samara Reservoir Plant” worth USD 7 billion, with a 4,5-year maturity. This is the first Bank’s transaction with participation of Australian Export Finance and Insurance Corporation, reported the press-centre of RBD.
Signing of the agreement indicates ongoing cooperation between RDB and HSBC Bank plc. In November 2006 the first credit line was opened with participation of Export Development Canada (EDC). The loan totaled EURO 12,3 billion, maturity - 8 years.