For the most ambitious projects, financing the interest rate at 3%pa Terms of Engagement & Procedure
Amount on Offer: From One Hundred (100) Million USD/Euros to Fifty (50) Billion USD/Euros – (100% Funds on Value of Security & No Deductions).
Term / Period: From five [5] years (minimum) up to twenty [20] years (maximum).
Grace Period: Ten to fifteen [10-15] years.
Interest Rate: 3% [three Percent] Per Annum – depending on the project and the country.
Security: Bank Guarantee/SBLC from a Tier 1 Bank. The security must be renewed annually until the funding facility is fully serviced.
Definition of a Tier 1 bank: is a bank that has a Credit Rating of minimum A- from S&P or A3 from Moody’s. All collateral given to the Project Funder for the project funding facility must be from a Tier 1 bank or confirmed by a corresponding bank which is a Tier 1 bank.
