OREANDA-NEWS. Joint Stock Company "Freight One" and RB LEASING (subsidiary of Rosbank, Societe Generale Group) announce the signing of a leaseback agreement.

Under the agreement signed, RB LEASING has provided Freight One with RUB 5.9 bln financing facility through leaseback of over 3 thousand units of rolling stock. The funding for a 7-year facility was provided by Rosbank.

"The agreement signed today is a good example of efficient and long-term cooperation between our companies. Moreover, funding through leaseback will help diversify Freight One's debt portfolio and extend maturity profile, thus creating a solid foundation for the Company to continue strengthening its leading positions in the railway freight operation market," said Sergey Karataev, Deputy CEO and Chief Financial Officer of Freight One.

"Signing this agreement is another step in building up our partnership with Freight One, a leader of the Russian freight railway market. We appreciate our close cooperation and we aim at strengthening our business ties with the company. Developing relations with major Russian enterprises is one of the priorities of the Rosbank Corporate Business Development Strategy for 2014-2017," said Ilya Polyakov, Deputy Chairman of the Management Board of Rosbank and Head of Coverage and Investment Banking for Russia and CIS region of Societe Generale Corporate and Investment Banking.

"In 2015, RB LEASING plans to increase its market share by focusing on key corporate clients in transport, retail and construction sectors. This important deal is a perfect illustration of our strategy in action," said Guram Kudryavtsev, CEO of RB LEASING.