NIB facility with Gazprombank to promote energy efficiency in Russia
(Thomson Reuters ONE) -
A loan programme extended by the Nordic Investment Bank (NIB) to Russian
Gazprombank will be used for improving energy efficiency in Russia's industries.
The loan agreement totalling EUR 60 million is structured as a credit line with
a seven-year maturity. At least 70% of the NIB-provided funds will be on-lent to
energy-efficiency projects, while the remainder may be utilised for projects
complying with NIB's competitiveness mandate.
The credit line will mainly finance the replacement of district heating plants
with co-generation plants generating both electricity and heat. The programme
may also finance industrial energy-efficiency projects within, for instance, the
steel, chemical, forestry and cement industries.
Gazprombank (Open Joint-Stock Company) is one of the top three banks in the
Russian Federation and is rated as the fourth largest in the Central and Eastern
Europe. Gazprombank has investment grade rating from Moody's Investor's Service
with long-term local and foreign currency debt and deposit ratings at Baa3 with
stable outlook. Long-term credit rating from Standard & Poor's stands at BB+
with stable outlook.
The Nordic Investment Bank (NIB) is the common international financial
institution of the eight Nordic and Baltic countries. NIB provides long-term
financing to the energy, environmental, transport, logistics and communications,
and innovation sectors for projects that strengthen competitiveness and enhance
the environment. NIB has the highest possible credit rating, AAA/aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
NIB
Ms Marjo Harri, Senior Manager Origination,
at +358 10 618 0227,marjo.harri(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at
+358 10 618 0296,dimitrijs.alehins(at)nib.int
Gazprombank
Communications Department, at +7 495 719 15 50, +7 495 428 49 16
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1541864]
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2011 - 09:01 Uhr
Sprache: Deutsch
News-ID 60327
Anzahl Zeichen: 2721
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 177 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NIB facility with Gazprombank to promote energy efficiency in Russia"
steht unter der journalistisch-redaktionellen Verantwortung von
NIB NORDIC INVESTMENT BANK (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
