Vnesheconombank Raises Credit from HSBC Bank Plc

Vnesheconombank Raises Credit from HSBC Bank PlcState Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank) signed an Agreement with HSBC Bank Plc on August 5 on raising credit resources worth 115million US dollars for a period of 7 years against a guarantee of Italy’s Export Insurance Agency SACE SpA.

The credit resources were raised to refinance the construction of the second arctic shuttle tanker under OJSC Sovcomflot’s project.






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