VEB.RF and Alabuga Development LLC in the development of partnership financing between the Government of the Republic of Tatarstan and VEB.The Russian Federation signed a loan agreement on the terms of partnership financing for 3.5 billion rubles. with a maturity of 2 years. This is stated in the message of the bank.
The transaction is carried out in the "limited mudaraba" format. Its result will be the construction of an industrial park production complex in Tatarstan. It is planned to raise funds to finance the project by the end of the second quarter of 2026 by placing the debut issue of VEB.RF's "partner" bonds. The organizers of the placement are Gazprombank (as the coordinating bank) and Sberbank.
The State Development Corporation "VEB.RF" (Vnesheconombank State Corporation) (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization of Vnesheconombank of the USSR in 2007. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.
