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limited recourse loan participation notes

Russian translation: нота о выпуске обязательств с ограниченными правами возмещения

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16:59 Jul 25, 2005
English to Russian translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: limited recourse loan participation notes
The Issuer will be established for the purpose of issuing limited recourse loan participation notes
Alexander Kolegov
Russian translation:нота о выпуске обязательств с ограниченными правами возмещения
Explanation:
Eurobond offerings completed by the City of Moscow and Rosneft involved the use of an intermediary, unaffiliated, offshore bank that issued loan participation notes to investors.

In offerings using this structure, noteholders have limited recourse to the bank. The bank is only obligated to make principal and interest payments to noteholders to the extent that the Russian entity makes payments to the bank under the loan. In the event of a default under the loan, the trustee (acting on behalf of noteholders) may seek recourse against the Russian entity with a direct claim under the loan agreement.

http://www.altassets.com/casefor/countries/2002/nz3096.php

ING Bank N.V. (Амстердам) выпустил ноты ОАО "Ростовская Генерирующая Компания" в рамках зарегистрированной Программы выпуска обязательств с ограниченными правами возмещения (Limited Recourse Obligation Programme) общим объемом $12 млрд. Полный объем выпуска, лид-менеджером которого выступила компания "Атон Интернешнл Лимитед", составил более $20 млн. "Атон" разместил ноты среди иностранных и российских инвесторов.
Selected response from:

olganet
Local time: 08:37
Grading comment
Спасибо!

По смыслу, может, и правильно, но клиент оставил вариант "Облигации участия в кредите с ограниченным правом регресса".
3 KudoZ points were awarded for this answer

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Summary of answers provided
4 +2нота о выпуске обязательств с ограниченными правами возмещения
olganet


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
нота о выпуске обязательств с ограниченными правами возмещения


Explanation:
Eurobond offerings completed by the City of Moscow and Rosneft involved the use of an intermediary, unaffiliated, offshore bank that issued loan participation notes to investors.

In offerings using this structure, noteholders have limited recourse to the bank. The bank is only obligated to make principal and interest payments to noteholders to the extent that the Russian entity makes payments to the bank under the loan. In the event of a default under the loan, the trustee (acting on behalf of noteholders) may seek recourse against the Russian entity with a direct claim under the loan agreement.

http://www.altassets.com/casefor/countries/2002/nz3096.php

ING Bank N.V. (Амстердам) выпустил ноты ОАО "Ростовская Генерирующая Компания" в рамках зарегистрированной Программы выпуска обязательств с ограниченными правами возмещения (Limited Recourse Obligation Programme) общим объемом $12 млрд. Полный объем выпуска, лид-менеджером которого выступила компания "Атон Интернешнл Лимитед", составил более $20 млн. "Атон" разместил ноты среди иностранных и российских инвесторов.

olganet
Local time: 08:37
Native speaker of: Native in RussianRussian
PRO pts in category: 23
Grading comment
Спасибо!

По смыслу, может, и правильно, но клиент оставил вариант "Облигации участия в кредите с ограниченным правом регресса".

Peer comments on this answer (and responses from the answerer)
agree  arksevost
2 days10 hrs

agree  stalker199: loan participation note
571 days
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