The Largest Factoring Transaction in History!

best-factoring-companyHere is a huge factoring agreement worth mentioning.  Russian company Gazprom Energoholding has completed a factoring transaction totaling $377,000,000 US.

The factoring agreement was based on construction work on a combined heat and power plant.  The transaction was structured in two months. The debtor is Inter RAO Capital (a subsidiary of Inter RAO). The factoring company has provided financing of 100% of the assigned receivable without recourse.

“This is Gazprom Energoholding’s first experience of using factoring. The speed at which the transaction was completed was really impressive, and we hope that factoring solutions will be useful for companies in our group in future,” said Evgeny Zemlyanoy, Deputy General Director for Economics and Finance at Gazprom Energoholding.

“For the VTB Factoring team and for me personally, this transaction is a historic event. We have completed the largest public transaction in global factoring history by an amount of one-time financing. It is also the largest transaction by portfolio size for the Russian factoring market”.

Anton Musatov, VTB Factoring CEO

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