Foreign Credit Lines

Foreign credit lines of NBU JSC Foreign credit lines attracted under the guarantee of the Government

Landesbank Baden-Wuerttember (Germany)

Purpose of Credit Line
85% of the contract for the purchase of goods, equipment and services from Germany and agreed countries
Minimum and maximum amount
Maximum amount up to 50,0 mln EURO/USD, Minimum amount from 2,0 mln EURO/USD
Maximum term of credit line
5-7 years
Interest rate
6 month Euribor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 4-5%
Project grace period
6 months after commissioning
Management fee
0.8% of credit amount
Commission for untapped credit amount (per obligation)
0.8% p.a.
Other provisions
The project provides insurance coverage up to 8-9% of the credit amount

Commerzbank AG (Germany)

Purpose of Credit Line
85% of the contract for the purchase of goods, equipment and services from Germany and agreed countries
Minimum and maximum amount
Maximum amount is not provided, Minimum amount from 2,0 mln EURO/USD
Maximum term of credit line
5-7 years
Interest rate
6 month Euribor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 4-5%
Project grace period
6 months after commissioning
Management fee
0.8% of credit amount
Commission for untapped credit amount (per obligation)
0.8% p.a.
Other provisions
The project provides insurance coverage up to 8-9% of the credit amount

AKA Bank

Purpose of Credit Line
85% of the contract for the purchase of goods, equipment and services from Germany and agreed countries
Minimum and maximum amount
Maximum amount is not provided, Minimum amount from 400 thous. EURO/USD
Maximum term of credit line
5-7 years
Interest rate
6 month Euribor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 4-5%
Project grace period
6 months after commissioning
Management fee
Individually for every project
Commission for untapped credit amount (per obligation)
Individually for every project
Other provisions
The project provides insurance coverage up to 8-9% of the credit amount

Eximbank of Korea

Purpose of Credit Line
85% of the contract for the purchase of goods, equipment and services from Korea
Minimum and maximum amount
Minimum and maximum amounts are not provided
Maximum term of credit line
5-7 years
Interest rate
6 month Libor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 10-11%
Project grace period
6 months after commissioning
Management fee
0.2% of credit amount
Commission for untapped credit amount (per obligation)
0.5% p.a.

Eximbank of Turkey

Purpose of Credit Line
85% of the contract for the purchase of goods, equipment and services from Turkey
Minimum and maximum amount
Minimum and maximum amounts are not provided
Maximum term of credit line
up to 10 years
Interest rate
Libor + foreign bank margin (ind.) + NBU margin (ind.) Total approximately 9 -10%
Project grace period
6 months after commissioning
Management fee
0.2% of credit amount
Commission for untapped credit amount (per obligation)
0.5% p.a.
Other provisions
The project provides insurance coverage up to 8-9% of the credit amount

China Development Bank (USD)

Purpose of Credit Line
100% of the contract for the purchase of goods, equipment and services from China (50% minimum)
Minimum and maximum amount
Maximum amount is not provided, Minimum amount from 100 thous. USD
Maximum term of credit line
up to 9 years
Interest rate
6-month Libor + margin of CDB 3.2% p.a.+ margin of the NBU. Total appoximately 9-10%
Project grace period
up to 3 years, but not later than June 5, 2021
Management fee
0.3% of credit balance
Commission for untapped credit amount (per obligation)
Foreign bank advance commission (Upfront fee) - 0.5% of the credit amount

China Development Bank (RMB)

Purpose of Credit Line
100% of the contract for the purchase of goods, equipment and services from China
Minimum and maximum amount
Maximum amount is not provided, Minimum amount from 100 thous. RMB
Maximum term of credit line
up to 5 years
Interest rate
Per annum rate if CDB 4,8% + margin of the NBU
Project grace period
up to 2 years
Management fee
0.5% of the credit amount, one-time payment
Commission for untapped credit amount (per obligation)
1% p.a.

Europeen Bank of Reconstruction & Development

Purpose of Credit Line
For purchase of goods, equipment and services.
Minimum and maximum amount
Maximum amount up to 2,0 mln. USD, Minimum amount is not provided
Maximum term of credit line
up to 4 years
Interest rate
6-month Libor + foreign bank margin (3.0%) + NBU margin. Total approximately 8-9%
Project grace period
up to 1 year
Management fee
1% of credit amount
Commission for untapped credit amount (per obligation)
0,5%
Other provisions
Textile industry is not funded

China Exim Bank

Purpose of Credit Line
For purchase of goods, equipment and services.
Minimum and maximum amount
Maximum amount - not available; Minimum amount - not available.
Maximum term of credit line
up to 3 years
Interest rate
Libor for 6 months + annual 3.0% foreign bank margin + NBU margin. Total about 8-9%

Credit Suisse AG

Purpose of Credit Line
For the purchase of goods and raw materials
Minimum and maximum amount
Minimum and maximum amounts are not available
Maximum term of credit line
up to 2 years (subject to extension)
Interest rate
EURIBOR + foreign bank margin (4.5%) + NBU margin. Total about 7-8%
Other terms
Textile projects are not funded

Terms of the Credit Line of Asian Development Bank for the project 'Development of the Value-Added Chain in the Fruit and Vegetable Sector'

Purpose of using the Credit line
Development of agriculture in Uzbekistan, including the creation of intensive gardens, greenhouses and refrigeration complexes, as well as financing projects for processing of fruits and vegetables
Minimum and Maximum Amount of Credit
The maximum credit amount is up to 5.0 million US dollars
The maximum term of the Line of Credit
Based on the payback period of the project: up to 7 years
Annual percentage rate
Foreign bank’s margin (3%) + margin of National Bank. Total: approx. 6-7%
Grace period for the project
2 years
Other conditions
Credit funds are allocated only for funding investment projects (not for replenishment of working capital)

Terms of the Credit Line of International Bank for Reconstruction and Development for the project 'Development of Fruit and Vegetable Farming'

Purpose of using the Credit line
Development of agriculture in Uzbekistan, including the creation of intensive gardens, greenhouses and refrigeration complexes, as well as financing projects for processing of fruits and vegetables
Minimum and Maximum Amount of Credit
The maximum amount is up to 2.0 million US dollars (4 million US dollars for cluster projects)
The maximum term of the Line of Credit
Based on the payback period of the project: up to 7 years
Annual percentage rate
Foreign bank’s margin (Libor - floating spread + Ministry of Finance’s margin - 0.2%) + National Bank’s margin. Total: about 6-7%
Grace period for the project
up to 3 years

Terms of the Line of Credit of the International Bank for Reconstruction and Development for the project 'Modernization of Agriculture in Republic of Uzbekistan'

Purpose of using the Credit line
Creating intensive gardens and vineyards; Processing, packaging, storage, transportation of products and purchase of refrigerators trucks; Implementation of modern energy-efficient irrigation systems, water-saving technologies of drip and sprinkler irrigation in open areas outside of modern greenhouses
Minimum and Maximum Amount of Credit
The maximum amount is 1.0 million US dollars (2.0 million US dollars for cluster projects), up to 250 thousand US dollars for replenishment of working capital
The maximum term of the Line of Credit
Based on the payback period of the project: up to 10 years
Annual percentage rate
Foreign bank’s margin (Libor + floating spread + Ministry of Finance’s margin - 1%) + National Bank’s margin. Total: about 7%
Grace period for the project
up to 3 years