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RSF- Khan Bank - Uurteel II
Details
Location:Mongolia
Status:Completion and evaluation
Sectors:Mechanical Engineering
Languages:English
Contracting authority: Uurteel Llc
Description
RSF- Khan Bank - Uurteel II
Location: Mongolia
Project number: 54207
Business sector: Manufacturing and Services
Notice type: Private
Environmental category: B
Approval date: 25 Apr 2023
Status: Pending Approval
PSD disclosed: 26 Apr 2023
Project Description
The provision of a senior secured loan in local currency (RSF Loan) of up to MNT 5bn (1.43m) to Uurteel at 50/50 funded risk participation with Khan Bank. The loan supports growth and competitiveness of the Company by funding working capital to build up inventory to accommodate growing demand during the construction season in 2023.Project Objectives
The project is in line with the EBRD's strategy to enhance Mongolia's resilience by strengthening the competitiveness of the non-extractive sector and easing access to finance.Transition Impact
ETI score: 64Primary TI. Competitive: The loan will be provided in a local currency, and the EBRD has signed a MoU with Mongolia for the development of local money markets.Secondary TI. Resilient: The project contributes to Competitive quality, as the project will support SME accessing financing for increasing working capital needs in a country where there are medium gaps in access to finance for SMEs.The project receives an ETI rating of 64.Client Information
UURTEEL LLCThe company is one of the leading rebar suppliers in Mongolia and an existing client of the Bank. The company was established in 2010 and operates in fields of trading reinforcing steel bars (rebars) and metal products, operation of rebar fabrication plant, and transportation services.EBRD Finance Summary
MNT 2,500,000,000.00Total Project Cost
MNT 5,000,000,000.00Additionality
Under RSF, additionality stems from the following: the EBRD offers an innovative financing structure (e.g. mezzanine financing, risk sharing, etc.) on commercial terms not available from other banks: risk participation to help partner banks with capital and liquidity constraints. EBRD offers local currency financing on terms not readily available in the market.Technical Cooperation and Grant Financing
The RSF Loan will be supported with First Loss Risk Cover from SME LCYP donors.Company Contact Information
Davaadorj Algirmaa
finance@uurteel.mn
976-99116463
www.uurteel.mn
Business opportunities
For business opportunities or procurement, contact the client company.
For business opportunities with EBRD (not related to procurement) contact:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
For state-sector projects, visit EBRD Procurement:
Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
Specific enquiries can be made using the EBRD Enquiries form.
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tender Background
About the Funding Agency
EBRD - European Bank for Reconstruction and Development - is a multilateral development bank, using investment as a tool to help build market economies. Initially focused on the countries of the former Eastern Bloc (former European Communist Countries), it expanded its support to development in the democracies of 30 countries from central Europe to central Asia. EBRD invests mainly in private enterprises.
EBRD is not to be confused with the European Investment Bank (EIB), which is owned by EU member states and is used to support EU policy.
About the Sectors
Mechanical Engineering
Includes technical services and solutions related to the design, manufacture, operation, and maintenance of mechanical systems and industrial equipment.
Key areas:
- Industrial machinery and manufacturing systems
- Vehicle, aircraft, and watercraft equipment
- Mechanical maintenance and repair services
- Engineering design and applied mechanics
Locations
Mongolia
Mongolia invests heavily in transport corridors, mining-related infrastructure, and energy projects to facilitate mineral exports and strengthen regional trade links. Railways, roads, and cross-border logistics infrastructure are central to integrating with neighboring markets, particularly China. Financing comes from state resources, foreign direct investment, and multilateral institutions. Economic dependence on commodity cycles, governance capacity, and diversification constraints shape infrastructure sustainability.
Nr. of tenders: 12754
Nr. of grants: 2185
Nr. of donors: 427
Nr. of jobs: 21
Nr. of tenders: 12754
Nr. of grants: 2185
Nr. of donors: 427
Nr. of jobs: 21
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