FESCO Transport Group plans to refinance credits evaluated $456 mln, informed RZD-Partner.ru IA with reference to Sergey Generalov, Head of the company, at III International Transport Forum ‘Transport of Russia’.
As per the top manager, state banks has already reduced rates on credit from 17 to 15%, but ‘it is possible to attract funds at the market at 12-14%’, and if we speak about international exchange market, the group may be credited at LIBOR rate+ 4%.
It is necessary to remind the group is holding negotiations with European Bank of Reconstruction and Development $100 mln credit attraction to refinance the current debt.
FESCO Transport Group is Russia’s largest intermodal transport operator. It combines advantages of own maritime, rail and motor transportation, stevedore service in own port's terminals in the biggest ports of Russia and CIS. Far-Eastern Shipping Company OJSC is a base company of FESCO Transportation Group. The Group's business assets include various types of modern, fast and safe vessels, own park of diversificated rolling-stock, own main-line and diesel-locomotive shunters, freightliners, container equipment, water surface and on-land terminal complexes. The Group’s headquarters are in Moscow.
The group has the fleet of overall deadweight of over 1 mln tons and manages a depot of diversified rolling-stock (17,000 units). Own container depot comprises over 50,000 TEU. Overall throughput capacity of transhipment facilities exceeds 1.6 mln TEU.
As per the top manager, state banks has already reduced rates on credit from 17 to 15%, but ‘it is possible to attract funds at the market at 12-14%’, and if we speak about international exchange market, the group may be credited at LIBOR rate+ 4%.
It is necessary to remind the group is holding negotiations with European Bank of Reconstruction and Development $100 mln credit attraction to refinance the current debt.
FESCO Transport Group is Russia’s largest intermodal transport operator. It combines advantages of own maritime, rail and motor transportation, stevedore service in own port's terminals in the biggest ports of Russia and CIS. Far-Eastern Shipping Company OJSC is a base company of FESCO Transportation Group. The Group's business assets include various types of modern, fast and safe vessels, own park of diversificated rolling-stock, own main-line and diesel-locomotive shunters, freightliners, container equipment, water surface and on-land terminal complexes. The Group’s headquarters are in Moscow.
The group has the fleet of overall deadweight of over 1 mln tons and manages a depot of diversified rolling-stock (17,000 units). Own container depot comprises over 50,000 TEU. Overall throughput capacity of transhipment facilities exceeds 1.6 mln TEU.