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BG/SBLC Required on Lease to be used as a Colletral

Trade Leads Details
Dear Sir

We are soliciting funding for a Blending and Packing unit of Refined Engine Oil in Saudi Arabia. We will shortly forward you the executive summary of the project under discussion. Our financial requirements are as follow:
1. US$ 3,000,000 for capitalization loan for period of six months or one year which is the requirement of SAGIA. These funds will be placed as a fiduciary deposit in the bank nominated by you and this deposit will be under lean to the bank favoring yourself. Therefore, down side credit risk in this transaction is zero. The only risk we see in this transaction is the rate risk i.e. the diff of bid and offer rates of capitalization amount and we believed that this risk can be covered with various means. This is a self liquidating transaction because at the finalization of the incorporation the proceeds of the US$ deposit will settle the loan in US$.
2. US$ 5,000,000 for Plant & Machinery which will cove the construction of factory premises, plant & machinery, working capital and relevant expenses of incorporation. We will provide you the registered mortgage on the entire factory as a Colletral for the requested credit facility. The details of the plant and machinery and other expenses are listed in the executive summary of the project and as stated above we will forward you the same in the due course.
The total production will be off take by our permanent clients in Sub-Continents and Far east on monthly basis and total production will be exported therefore, we will provide the lien on all export L/C and proceeds will keep on liquidating the working capital finance and off course the working capital financing will be sort of revolving short term loans just to fund the export L/C and to purchase the raw materials and meet the operational expenses required for production.
We look forward to hear your consent about the availability of BG/SBL issued from AAA rated bank in EEC to be used as the colletral to solicit the project financing in Saudi Arabia. We want you to provide us this BG/SBLC w/o upfront fee otherwise we are not interested in the transaction.
We will appreciate if you please forward us the sample text of the BG/SBL enabling us to get the approval of our bankers.

Regards

Contact Information
  • Contact PersonZeeshan
  • Telephone+44207603945
  • AddressArchway Road, London N65AA, UK