Buyers' Credit

Best deals for week ended    12 Dec, 2014
Tenor LIBOR Over USD
10 mn
USD 5 mn
to 10 mn
USD 1.0 mn
to 5.0 mn
USD 0.5 mn
to 1.0 mn
90 Days 24 28 31 35 40
180 Days 34 26 31 34 40
360 Days 60 28 33 34 42

Suppliers Credit

Foreign banks

L+ 40 to 55 bps p.a for 90 to 180 days usance discounting till maturity

Indian banks

12 M L + 60 bps for 360 day usance
12 M L+90 bps with yearly reset for 3 years supplier credits

Letter of Credit reimbursement structure

L+60 to 70 bps for 180 days usance from nationalized banks.

Shipbreaking/Vessel imports suppliers credit (Usance Letter of Credit Discounting)

L+ 60/65 bps levels for 90 to 360 days Usance from offshore Indian banks

Offshore Bid bonds against counter guarantee by Indian banks

40 to 50 bps

Foreign currency financing against SBLC/LONG TERM EXPORT PERFORMANCE GUARANTEE issued by major PSU banks (for funding for offshore entities, Commodity, Performance, Services Guarantees)

L+2.5% to 3.5% p.a

External Commercial Borrowings (ECB’s)

All in cost of L+2.5 to 4% p.a depending on the creditworthiness of the borrower and quality of the project

Country wise bank lines availability for Discounting of MENA and Sub-Saharan Africa Bank LC's :

Algeria: Banque Exterieure d’Algerie, Banque Nationale d’Algerie, Banque de l’Agriculture et du Developpement Rural, Banque Al Baraka Algerie, Banque Algerienne de Developpement, Banque de Developpement Local, Credit Populaire d’Algerie, Societe Generale Algerie, Banque du Maghreb Arabe pour l’Investissement et le Commerce, BNP Paribas El Djazair, Housing Bank for Trade & Finance.

Bahrain: Arab Banking Corporation (BSC), National Bank of Bahrain BSC, Gulf International Bank BSC, Ahli United Bank BSC, The Arab Investment Company SAA, Shamil Bank, Al Baraka Banking Group.

Egypt: Arab Banking Corporation – Egypt (SAE), Bank of Alexandria, Banque du Caire SAE, Banque Misr SAE, National Societe Generale Bank, National Bank of Egypt, Al Watany Bank of Egypt, Suez Canal Bank, Arab International Bank, African Export-Import Bank (AFREXIMBANK), Egyptian Gulf Bank, Commercial International Bank, Arab African International Bank, Export Development Bank of Egypt, HSBC Bank Egypt SAE, Ahli United Bank (Egypt) SAE, Credit Agricole Egypt, The United Bank SAE.

Jordan: Arab Banking Corporation (Jordan), Bank of Jordan PLC, Cairo Amman Bank, The Housing Bank for Trade & Finance, Arab Bank PLC, Jordan Kuwait Bank, Jordan Commercial Bank, Jordan Ahli Bank, Jordan Islamic Bank, Capital Bank of Jordan, Union Bank, Investbank, Central Bank of Jordan.

Kuwait: Bank of Kuwait & the Middle East, Commercial Bank of Kuwait, Gulf Bank KSC, National Bank of Kuwait, Al Ahli Bank of Kuwait KSC, Burgan Bank SAK, The Industrial Bank of Kuwait KSC, Boubyan Bank KSC.

Lebanon : Bank of Beirut sal, Bank Audi Saradar Group, BankMed SAL, Byblos Bank SAL, Fransabank SAL, Credit Libanais SAL, Banque Libano-Francaise SAL, BLOM Bank SAL, Banque BEMO, Lebanese Canadian Bank, Banque du Liban, BLC Bank SAL, North Africa Commercial Bank SAL, BBAC SAL (Bank of Beirut & Arab Countries SAL).

Libya: Central Bank of Libya, Gumhouria Bank, Libyan Foreign Bank, National Commercial Bank, Umma Bank SAL, Wahda Bank, National Banking Corporation, Sahara Bank, Bank of Commerce and Development, Banque Sahelo - Saharienne pour l’Investissement et le Commerce, United Bank for Commerce and Investment, Al Waha Bank, North Africa Bank.

Morocco : Attijariwafa Bank, Banque Centrale Populaire, Banque Marocaine du Commerce Exterieur SA (BMCE), Banque Marocaine pour le Commerce et L’Industrie, Credit du Maroc, Credit Agricole du Maroc, Societe Generale Marocaine de Banques SA.

Oman: Bank Dhofar Al Omani Al Fransi SAOG, Bank Muscat SAOG, National Bank of Oman SAOG, Oman International Bank SAOG, Oman Arab Bank SAOG, Bank Sohar SAOG.

Qatar : Al-Ahli Bank of Qatar QSC. Commercial Bank of Qatar, Qatar National Bank, Doha Bank, Qatar Islamic Bank SAQ, International Bank of Qatar, Qatar Development Bank.

Saudi Arabia : National Commercial Bank, Riyad Bank, Samba Financial Group, Saudi British Bank, Saudi Hollandi Bank, Al Rajhi Banking & Investment Corp., Arab National Bank, Bank Al-Jazira, Banque Saudi Fransi, Saudi Investment Bank, Islamic Development Bank.

Sudan : Omdurman National Bank, Bank of Khartoum, Faisal Islamic bank, farmers commercial bank ,Byblos bank, Bank of Beirut ,Tadamon Islamic Bank.

Tunisia : ABC Tunisie, Banque du Sud, Banque Internationale Arabe de Tunisie SA (BIAT), Banque Nationale Agricole, Societe Tunisienne de Banque SA (STB BANK), Banque Arabe Tuniso-Libyenne de Developpement et de Commerce Exterieur, Banque de l’Habitat, North Africa International Bank, Attijari Bank, Banque de Tunisie SA, Amen Bank, Union Bancaire pour le Commerce et l’Industrie SA UBCI, Alubaf International Bank, Arab Tunisian Bank, Banque Tuniso-Libyenne.

Turkey : Akbank TAS, Finansbank AS, Yapi Kredi, Turkiye Garanti Bankasi AS, Turkiye Is Bankasi AS, Turkiye Vakiflar Bankasi TAO, Fortisbank Turkey, Turk Ekonomi Bankasi AS, TC Ziraat Bankasi AS, Turkiye Halk Bankasi AS, Denizbank, ING Bank Turkey, Turkiye Sinai Kalkinma Bankasi AS (TSKB), Asya Katilim Bankasi AS (Bank Asya), Kuwait Turkish Participation Bank, Alternatifbank AS, Albaraka Turk Participation Bank.

UAE : Dubai Islamic Bank, MashreqBank PSC, National Bank of Abu Dhabi, Union National Bank, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Masraf, Bank of Sharjah, Commercial Bank of Dubai PSC, National Bank of Fujairah Psc, National Bank of Ras Al-Khaimah PSC, National Bank of Sharjah, Emirates NBD, Sharjah Islamic Bank.

For Morocco ,Algeria ,Tunisia ,Jordan ,Lebanon,Egypt major banks LC discounting transactions, our bankers will add confirmation to sight LCs at 80 to 90bps p.a. and discount deferred payment LCs at 1%p.a. subject to credit approval, country limit, satisfactory documentation and due diligence on the parties.

Our International Finance team also guide you on offshore expansion and funding requirements in various countries.

We work with over 150 banks (both overseas branches of Indian banks as well as multinational banks) to provide our clients with the finest rates for buyers' credit and other trade finance transactions.

Please contact or
call Mahaveer Reddy on 07208600363 or
call Jasvinder Kaur on 08447823028 for fast action