Russian province Samara completes ruble export financing

Published July 13, 2005 12:00 AM EDT 1 Min Read

Deutsche Bank Securities arranged the first ever 12-year Russian ruble export financing for the Russian province Samara with a RUR1.13 Billion ($41 million) transaction, the company announced. The financing supports the export of high-tech medical equipment from New York-based ACD Research Inc. to the Samara Oncology Center, located about 600 miles southeast of Moscow. The medical equipment will enable Samara’s Oncology Center to begin cancer treatment in a region that is home to 13% of Russia’s population. Construction of the 550-bed oncology center was completed last year. The US government, through its Overseas Private Investment Corp., provided political risk insurance on the transaction.

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