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Title:
Nigeria - FSDH Merchant Bank Limited - Trade finance line of credit and transaction guarantee
Detail:
The proposed facility is a USD 25 million Trade Finance (TF) Package consisting of: (i) a USD 15 million Trade Finance Line of Credit (TFLOC) to support SMEs and indigenous corporates and (ii) a USD 10 million Transaction Guarantee (TG) facility to support confirmation of trade finance transactions of FSDH. The TG Facility will allow the Bank to provide up to 100% guarantee to Confirming Banks (CBs) for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by FSDH. The TFLOC will have a tenor of 3.5 years and the TG will have a tenor of 3 years. The project primarily contributes to climate adaptation results. As such, 50% of the total approved amount is attributed as climate finance, of which 5 million USD is dedicated to adaptation.
Country:
Nigeria
Source:
African Development Bank Group
Published Date:
N/A
URL:
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Regions:
Africa Sub-Saharan Africa Western Africa
Sectors:
Roads and Highways-Bridge Construction Energy-Power and Electrical Computer Hardwares and Consumables
Export requests Import requests Partnership requests Service requests