Buyers' Credit


Best buyers credit deals for week ended    20 May, 2016   (bps pa)
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 66 24 26 29 35
180 Days 95 22 23 27 31
360 Days 130 25 28 29 32

Suppliers Credit
Foreign banks
L+ 45 to 55 bps p.a for 90 to 180 days usance discounting till maturity
Indian banks
12 M L + 50 to 60 bps for 360 day usance
6 M /12 M L+70 to 95 bps with half yearly/ yearly reset for 3 years supplier credits of capital goods imports.

Letter of Credit reimbursement structure
L+55 to 60 bps for 180 days usance from nationalized & foreign banks.

LC Limits are available on major global banks for discounting at competitive rates without recourse to supplier.

Foreign currency financing against SBLC/ADVANCE PAYMENT GUARANTEE issued by major PSU banks
L+ 3 to 3.75% p.a

Offshore Bid bonds against counter guarantee by Indian banks
40 to 50 bps

(All rates for your reference subject to credit worthiness of the borrowers and quality of project)


We work with over 150 overseas banks and financial institutions offering our clients with the competitive rates for buyers/suppliers credit, SBLC Monetization, Structuring of APG/EPBG & arranging Long term ECBs(Capital Goods Imports, Modernization/Expansion, New projects).

We execute subsidiary setups in Mauritius & Hongkong also Group level/Individual company limits setup for Indian entities and subsidiaries through our associated banks in various countries.
Confirmation of LCs issued by African Banks on behalf of the African importers, for exporters factoring and LC discounting offered on non recourse basis. Special discounting lines available on Asian, Europe, GCC & African countries.


Please contact trade@mecklai.com
or
call Mahaveer Reddy on 07208600363 or
call Vikas Jobanputra on 09820230906for fast action