Trade&Forfaiting Review (TFR), a recognized British edition on international trade finance, annually rates best deals of the year. Key selection criteria include innovative structure of the transaction, application of reliable financing instruments and accomplishment of social tasks.
According to the review for the year 2013 the deal for supply by Swiss company Stadler Bussnang AG of 6 electric trains for regional lines for Belarusian Railway was recognized as ECA highly commended deal. To finance this deal a loan agreement was signed between Belarusbank as a borrower and a consortium of Swiss banks UBS AG, Credit Suisse AG, Zuercher Kantonalbank as lenders. Despite the substantial sum of the project, the consortium has organized financing the deal under Swiss export credit agency SERV cover without additional collateral in the form of Governmental Payment Guarantee of the Republic of Belarus. Putting new electric trains into operation will improve the quality of passenger traffic.
