INTERNATIONAL LOANS ELIMINATING BANK GUARANTEE
For many years past, we have seen numerous project sponsors/borrowers having good, feasible projects on hand, but failed to get them funded due to lack of access to bank guarantee (as a Standby Letter of Credit) to back up their borrowing, so projects with great future could not be realized.
To help solve this bank guarantee difficulty, Asset Capital Finance's Investment Bankers have been successful in negotiating with top-notch world-class lender groups to drop the bank guarantee requirement, and fund projects based on their merits. Lender groups accept good, viable industrial, manufacturing, infrastructure, and agri-business projects having the following proven merits.
That they are potentially economically sound and technically viable; complying with strict environmental guidelines; and that they are from private sectors in developing countries.
Funds are provided by lender groups to support start-up of new projects, and expansion or modernization of established ones. Package of longer term financing, up to 12 years, ranging from $1,000,000 US (1MILLION USD) to $400,000,000 US (FOUR HUNDRED MILLION USD) per project/request can be provided by lender group(s) within thirty (30) days after signing loan agreement.
Interest rate is LIBOR-based plus a margin.
One of the said lender groups had approved a total of $8,000,000,000 US (EIGHT BILLION USD) in a single year to support projects on a worldwide basis with a quarter of above approved funds for projects located in Asia-Pacific countries.
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