OREANDA-NEWS. The British Magazine Trade Finance awarded the Best Deal of the Year 2012 Awards to two projects financed with Vnesheconombank’s participation :
* the project on the construction of a modern pig breeding complex in the Voronezh region with a total capacity of 42 thousand tons of pork on live weight basis per year. The project is being implemented by LLC AGROECO.
* the project to build a complex to raise highly productive cattle meat breeds and a complex to slaughter and initially process cattle in the Bryansk region. The project is being implemented by the Bryansk Meat Company (LLC).

The implementation of the project on the construction of a modern pig breeding complex is an important step in enhancing Russian-German trade and economic ties. To finance this project Vnesheconombank raised credit resources in the currency of Russian Federation from Deutsche Bank AG against insurance coverage of Euler Hermes. This transaction testifies to a high level of trust on the part of foreign partners in the Russian currency and Vnesheconombank and is another step in increasing the share of long-term ruble funding raised against guarantees of export insurance agencies The total value of the production facility is 5.8 billion rubles.

The second project that received an award from the Magazine Trade Finance is being implemented by the Bryansk Meat Company (LLC) which is incorporated in Agro-Industrial Holding Miratorg. HSBC Plc provided Vnesheconombank with credit resources worth 47.5 million US dollars to fund contracts concluded by The Bryansk Meat Company (LLC) with a number of Australian cattle exporters in 2012-2013 against insurance coverage of Australia’s export insurance agency EFIC for a period of up to 10 years. The project provides for building a production facility with initial processing of highly productive cattle meat breeds in the Bryansk region including raising of a livestock population of 100 thousand in the main cattle herd. It also provides for building farms, a feed yard and a fodder storage complex. The total amount of investments in the project is more than 27 billion rubles, with Vnesheconombank’s participation share being 21 billion rubles.

The Magazine Trade Finance is incorporated in Euromoney Publishing Group. It specializes in publishing materials on project, trade and export-import financing and analyzes projects implemented on these principles.