Moscow: 07:07 14.11.2009

RUSSIAN TRANSPORT DAILY REPORT

Transgarant Raises Three-Year Loan Totaling $50 Million

Transgarant, a private rail operator, has raised a loan totaling $50 million. The credit is provided by VTB BANK (DEUTSCHLAND) AG for three years under the guarantee of its parent company FESCO and against a pledge of its own rolling stock. The borrowed funds will be spent on refinancing the current lending commitments and financing the core business. (USD1 = RUB29.1749)

Source: Russian Transport Daily Report

Credit, Financing, Loan, Operator, Rail, Refinancing

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RUSSIAN TRANSPORT DAILY REPORT

Transgarant Raises Three-Year Loan Totaling $50 Million

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