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Nigeria - FSDH Merchant Bank Limited - Trade finance line of credit and transaction guarantee

Sector: Manufacturing (Industrial) • Location: Nigeria

Source: African Development Bank (AfDB)

Project

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 (CB

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Project Information

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The project “Nigeria - FSDH Merchant Bank Limited - Trade finance line of credit and transaction guarantee” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Nigeria. Taiyo aggregates data on it from African Development Bank (AfDB).

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Participants

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Description

Description

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.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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