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Energy Resources – pre-export financing
26 March 2010
Standard Bank pioneering in Mongolia
MLA: Standard Bank
Borrower: Energy Resources
Amount: $30 million
Tenor: 2-years
Lawyers: Denton Wilde Sapte; Lynch & Mahoney
Technical consultant: Tasman Mining |
Originating new transactions in the emerging markets was certainly not an easy task through 2009. But in this instance, Standard Bank pioneered a pre-payment facility in Mongolia for Energy Resources, a private Mongolian mining company founded in 2005. This transaction is the first ever pre-export finance facility made available within the private sector in Mongolia.
The financing is a $30 million coking coal pr-payment facility arranged and funded by Standard Bank. The facility has...
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