Rail Garant News

In June of the current year OAO Sberbank approved the financing of the transaction between ZAO Sberbank Leasing and Rail Garant Group, involving the leasing of rolling stock. ZAO Sberbank Leasing will lease to Rail Garant Group over 2500 railway cars of Russian and Ukrainian manufacture, with 78% of them being open-box cars. Rail Garant intends to commission the new rolling stock by November of the current year.

The value of the transaction is RUR 6 billion, while the term of the agreement is 7 years. The funding for the transaction will be provided by the Moscow Bank of Sberbank of Russia.

Taking into account the preceding transaction, the total credit facility of Rail Garant amounts to RUR 12 billion. The initial credit limit was approved by Sberbank in 2010, when ZAO Sberbank Leasing leased to Rail Garant over RUR 5.5 billion worth rolling stock, comprising open-box cars, box cars and fitting platforms.