OREANDA-NEWS.  JSC "Freight One" (Freight One) and JSC "Sberbank Leasing" have signed an agreement for sale and leaseback of over 5300 units of rolling stock for a total amount of RUB 10 bln, that will enable further development of the Russian railway freight industry

The funding for a 7-year facility is provided by the Moscow Bank of Sberbank of Russia.

"This agreement is an important milestone in the long-term cooperation between Freight One and Sberbank Group companies. The transaction will significantly improve the structure and quality of the company's debt portfolio by extending the maturity profile and diversifying funding sources," commented Sergei Karataev, CFO and Deputy CEO of JSC "Freight One".