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Standard Cement – ECA-backed LCs
23 March 2009
Extending the bank product line
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Kazakhstan
cement
BTA
China Exim
letter of credit
This deal is the first transaction in Kazakhstan that has been approved under a concessionary loan package agreed with Chinese export credit agency, Export-Import Bank of China (China Exim). It also represents a considerable expansion of BTA's product line for its Kazakhstani clients.
Thanks to the fact that Kazakhstan is one of eight member countries of the Shanghai Cooperation Organisation, BTA Bank could provide an extremely flexible loan under a preferential buyer's credit loan agreement with the Chinese ECA....
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