KhanLex advised European Bank for Reconstruction and Development on its US$ 4 million loan to XacLeasing LLC. The loan also blends US$ 1 million of GCF concessional finance.
The loan will allow XacLeasing to offer leases to MSMEs for investments in high-performing technologies that improve the use of energy and water resources.
XacLeasing LLC is one of Mongolia’s largest financial leasing companies and has been a long-standing client of EBRD.
According to Hannes Takacs, EBRD Associate Director, Head of Mongolia, “For the first time the EBRD is making leasing loans for climate mitigation and resilience projects available to small businesses in Mongolia.”
“We assisted EBRD to finance XacLeasing in the past. We are pleased to continue doing so.” said Enkhbat Batsukh, Partner, who led the KhanLex team on this deal. “This transaction advice is also in line with, and further strengthens, our market-leading experience in green financing in Mongolia.”
