Date and Number of the Basic Loan Agreement (Loan No.)
19.02.2018 (№6110-UZ)
Involvement under government guarantee or in the name of the Government (guaranteed/unguaranteed
Guaranteed
Renewability of the credit line (revolving/non-revolving)
revolving
Amount and Currency of the Agreement
8.5 million US dollars
Available Remaining Limit under the Basic Loan Agreement as of the Reporting Date
1,73 million US dollars
Terms for the utilization of the credit line (start and end dates)
2018-2033
Purpose (sector) of Credit Line Allocation
Financing of the livestock sector of the Republic of Uzbekistan - development of cattle and small ruminants, horse breeding, camel breeding, goat breeding, pig breeding and rabbit breeding; poultry farming (egg and broiler); fish farming; beekeeping; silkworm breeding, processing, packaging, cooling and storage of livestock products, etc.
Regions Where the Use of Credit Line Funds Is Permitted
Regions of the Republic of Uzbekistan where the Bank's Regional Banking Services Offices are located
Minimum and Maximum Loan Amount (for each allocated project loan)
For investment projects: no more than 2,000,000.00 US dollars.
For working capital: not more than 150,000.00 US dollars, projects financing the value-added chain up to 2,000,000.00 US dollars.
Financing Currency
US dollar
Maximum loan term under the credit line
For investment projects: up to 120 months For working capital: up to 18 months
Average term of loans issued using credit line funds (based on the loan portfolio data)
6.7 years
Grace period on the loan
For investment projects: a grace period not exceeding 36 months.
For working capital: a grace period not exceeding 9 months.
Cost of foreign credit resources (IFIs/Foreign bank, Ministry of Finance), %
4.3% per annum (MAR)
Management fee
not provided for
Commitment fee
4.3% per annum (MAR)
Front-end fee (one-time initial fee)
not provided for
Bank margin
Approximately 5-6% annually
FINAL (TOTAL) APPROXIMATE ANNUAL INTEREST RATE
Approximately 9-11% per year
Weighted Average (Annual) Interest Rate on Loans Issued under this Credit Line (Based on Loan Portfolio Data)
Approximately 7%
Requirement for the client's participation share in project financing
not less than 20% of the total project cost.
Country of origin of goods, services, and/or equipment purchased with the loan
unlimited
Process Agent under the agreement
State Veterinary Committee
and development of animal husbandry (hereinafter referred to as the Committee)
Document review timelines (branch, Head Office, Agency, IFIs/foreign banks, ECA, etc.)
1. Regional Banking Services Office - up to 3 days
2. Head Bank - up to 3 days
3. Formalization of the individual loan agreement and other permits - up to 4 days
TOTAL - up to 10 days
List of submitted documents
Loan application, constituent documents, information about the founders and the company’s management, consent/decision of the founders to obtain a loan and/or provide collateral, business plan, financial statements (balance sheet, etc.), the conclusion of the state environmental expertise, as well as other documents related to the implementation of the project
Requirements (options) for collateral security
Not less than 125% of the loan amount in a form satisfying the Bank (real estate, equipment, vehicles, and others not prohibited by law)
Other key terms
Each proposal for financing the project from the Credit Line funds must undergo an environmental impact assessment.