Inter RAO Group Takes Long-Term Loan Guaranteed by German Export Credit Agency

The loan is guaranteed by an insurance policy written by a German Export Credit Agency (ECA), Euler Hermes Deutschland AG.

The loan guaranteed by the ECA will help the Group to reduce its financing costs while at the same time extending the term of the loan as much as possible. It should save the Group at least 3 % p.a. compared to its current medium-term debt financing instruments.

“An export loan guaranteed by state insurance of the exporting state is an efficient way of optimizing the Group's debt portfolio, both in terms of interest and term. It also opens a wider range of opportunities to use attractive debt instruments to finance our future investment projects,” says Dmitry PALUNIN, Member of the Management Board and Head of Financial and Economic Center at JSC Inter RAO.