Summary of Proposed Investment
Project Number
24723
Company Name
ZAO DeltaLeasing
Date SPI Disclosed
Jan 17, 2006
Country
Russian Federation
Industry
Financial Markets
Projected Board Date
Feb 18, 2006
Status
Completed
Sector
Leasing Services
Department
Regional Industry FIG LAC & EUR
Environmental Category
FI
Previous Events
Approved : May 23, 2006
Signed : Jun 9, 2006
Invested : Aug 14, 2006
Project Description
ZAO DeltaLeasing (DeltaLeasing or the company), previously known as Delta Lease - Far East, is a leasing company based in Vladivostok with offices in Yuzhno-Sakhalinsk (Sakhalin Island), Khabarovsk, and Novosibirsk (Novosibirsk office serves as a hub-office for Siberia region with smaller regional offices opened in Omsk, Tomsk, Krasnoyarsk, Irkutsk, and Barnaul). The company has been in operation since 2000 and is entirely owned by the U.S. Russia Investment Fund (TUSRIF).
DeltaLeasing primarily provides financial leases to its clients with a specific focus on servicing the needs of Small and Medium size Enterprises (“SMEs”). As of September 30, 2005, DeltaLeasing had total assets of USD26.2 million.
This proposed project of an aggregate amount of up to $16 million consists of a 5-year senior A loan of up to $6 million and a 3-year syndicated B loan of up to $10 million. Both loans may have an option of Ruble-linked feature. The purpose of this project is to provide long term funding to DeltaLeasing to enable the company to meet the strong demand for longer term leasing products in the SME sector of the Russian Far East and Siberia regions.
DeltaLeasing primarily provides financial leases to its clients with a specific focus on servicing the needs of Small and Medium size Enterprises (“SMEs”). As of September 30, 2005, DeltaLeasing had total assets of USD26.2 million.
This proposed project of an aggregate amount of up to $16 million consists of a 5-year senior A loan of up to $6 million and a 3-year syndicated B loan of up to $10 million. Both loans may have an option of Ruble-linked feature. The purpose of this project is to provide long term funding to DeltaLeasing to enable the company to meet the strong demand for longer term leasing products in the SME sector of the Russian Far East and Siberia regions.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Oleg Rakitsky, CEO
ZAO DeltaLeasing
Bld. 12-13 Okeansky Prospect
690091 Vladivostok,
Russian Federation
Gregory Sundstrom, Chairman
Vice President, The U.S. Russia Investment Fund
e-mail: gregorys@online.ru
Phone/Fax: +1 (604) 872-7546
ZAO DeltaLeasing
Bld. 12-13 Okeansky Prospect
690091 Vladivostok,
Russian Federation
Gregory Sundstrom, Chairman
Vice President, The U.S. Russia Investment Fund
e-mail: gregorys@online.ru
Phone/Fax: +1 (604) 872-7546