Finnvera guarantees Nokia’s supplies to Megafon
Finnvera has granted a buyer credit guarantee for the supply of Nokia’s telecommunications equipment and services to Megafon in Russia with Unicredit Bank Austria as the lender and arranging bank.
The arragement made is already Finnvera’s eleventh guarantee for Megafon that is the second largest telecom operator in Russia and has around 75 million customers. Finnvera´s first transaction was executed in 2004.
The credit amount covered by Finnvera is EUR 150 million and the credit period is 8.5 years.
Signing date of the Finnvera Guarantee Agreement: 23 December 2021.
Name of the Guarantee Holder: Unicredit Bank Austria AG, Austria.
Name of the Exporters: Nokia Solutions and Networks Oy, Finland and its subsidiary.
Name of the Lender: Unicredit Bank Austria AG, Austria.
Name of the Buyer and Borrower: PJSC Megafon, Russia.
Project/Export transaction/Goods: Telecommunication equipment and related services.
Country of Export transaction/project: The Russian Federation.
Credit amount: EUR 150 million.
Credit period: 8.5 years.
Percentage of cover: 95%.
Environmental and social risk classification: According to Finnvera´s own criteria A.
International standards applied in benchmarking: -
ES contact point: [email protected]
