26 March 2010
Kazakh grains go green
MLA: RBSBorrower: KazExportAstyk (KEA)Amount: $90 millionTenor: 2-year pre-export finance facility and a 1-year borrowing base facilityECA/DFI: EBRDLawyers: White & Case; Allen & Overy
This deal is noteworthy, not least because it has attracted multilateral support through a traditional commodity trade finance structure, but also for the fact that it signed in one the world’s toughest geographies of 2009.
In August RBS, along with the European Bank for Reconstruction and Development (EBRD), signed a $90 million pre-export and borrowing base facility for northern Kazakh grain...
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Counterparty risk is another area to consider – as the debt crisis unfolds and banks continue to get downgraded, the cost of counterparty risk goes up. There is also clearly a problem with the stress tests applied to banks in Europe.
The great trade finance dislocation - November 2011
