Bank News

Russian Bank for Development finances aerotechnics manufacturing

18 Сентября 2006

Russian Bank for Development has extended a credit line to Kazan Helicopters Joint Stock Company with a limit of USD 9 million. The loan will be channeled for purchase of primary products, materials, equipment and components for aerotechnics manufacturing and other production costs.

Kazan Helicopters is a world-famous manufacturer of the Mi-8/17 family of helicopters. According to statistics “Mi” helicopters occupy 17 percent of today's worldwide turbine helicopter market.

The credit line’s maturity is 9 months (with a right for early redemption), interest rate - 8.5 % гper annum.

OAO «Russian Bank for Development»
Public Relations Department
Tel/fax: (495) 783-79-16

OAO «Russian Bank for Development» (RBD) was established in 1999 pursuant to Decree of the Government of the Russian Federation No. 391-r dated March 10, 1999 and Federal Law "On the Federal Budget for 1999" as a national development bank. The Bank’s core business is to provide long-term loan based funding to projects in priority sectors of the national economy. It is 100% owned by the Government of the Russian Federation through the Russian Federal Property Fund. The Bank’s charter capital is RUR 4.66 billion. RBD was assigned the highest for the Russian banks international credit ratings - Standard & Poor's (BВВ, outlook stable) and Moody's Investors Service (Baa2, outlook stable).

Kazan Helicopters Joint Stock Company
Tel.: +7 843 571 81 81
Kazan Helicopters Joint Stock Company has experience in aircraft construction since the 1940s, and in the international market since 1956. Production of the Mi-17 family helicopters is supported by over fifty million flight hours. Kazan Helicopters is the certified plant for manufacturing and overhaul of all Mi-8/ 17 helicopter types. The Aviation Register of the Russian Federation has approved Kazan Helicopters as a design centre for civil helicopters. The Civil Aviation Agency of the Russian Federation has granted certificate for training and advanced training of ground and flight personnel at Kazan Helicopters training center.

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