Breakthrough for US-Indian project and trade financing

US Ex-Im Bank agrees to guarantee local currency loans in a deal brokered by Bank of America.

In a deal noteworthy for its expediency, the US Export Import Bank US Ex-Im has signed a memorandum of understanding with the Industrial Development Bank of India IDBI to provide $300 million of financing guarantees. What makes the deal noteworthy is that for the first time, US Ex-Im will provide rupee guarantees as well as traditional dollar guarantees.

The structure of the deal works as follows Indian borrowers will approach the IDBI for finance to import US goods or...

To continue reading, please login or register for free

Click for more on: breakthrough | usindian | project | trade | financing

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...