1. Leading technologies and financing
Jukka Kurhinen
Vice President, Market Area Eurasia
Astana Mining and Metallurgy

2. What Outotec can offer in Export and Project Finance
Financing through export credit agencies with high rating /Finland, Germany, Sweden, Australia)
Multisourcing -> higher credit volumes for our customers
Stable and competitive long term funding from Finnish Export Credit
Commercial Interest Reference Rate (CIRR) interest equalisation
Withholding tax exempt structures
Financing through multilateral and developmental finance institutions
Relationship and coooperation with the leading project/export banks
Access to private insurance market
Summary of Client benefits:
Credit capacity
Long repayment periods
Attractive funding costs
With holding tax benefits
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3. Example 1: Corporate Finance Finnish/Austrian Buyer Credit
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4. Example 2: Bank to Bank Finance Finnish/Austrian Buyer Credit
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5. Example 3: Project Finance Finnish/Austrian Buyer Credit
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6. Export Credit (Buyer Credit Guarantees) Main Terms
Credit periods: Construction period (e.g. 3 y) + repayment period (e.g. 10 y)
Residual risk allocated to banks (e.g. 90% political, 95% commercial risk cover)
Semiannual payments
Loan amount maximum 85% of export contract
In addition, loan amount can include up 30% local content (calculated from the export contract)
Guarantee premium (upfront flat fee, ”market price”)
”Pro rate pari passu” with senior lenders
Compliance with OECD environmental guidelines
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7. Example 4: Finnfund Loan
Finnfund is a Finnish state-owned development finance institution with 35 years experience in developing countries
Kazakhstan is a target market for Finnfund
Finnfund provides risk capital for private projects across industry sectors, in the form of long-term loans, tailored mezzanine financing, and equity
Financing typically for maximum 20 MEUR/project
Finnfund’s financing is subject to criteria including profitability and compensation for risk-taing, social and environmental responsibility, development impacts and Finnish interest
Maximum 1/3 or ½ of financing of the project
Market based pricing
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