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Seaboard – ECA-backed financing
02 March 2011
Applying a strong Finnish
Standard Chartered’s expertise in ECA transactions were key to securing the funding for US-based Seaboard Corporation’s barge-mounted power plant in the Dominican Republic (DR). The $114 million deal underwritten by Finnish ECA Finnvera, and partly funded by Finnish Export Credit (FEC), will harness new electricity supplies in DR.
Torsten Richter, regional head, structured export finance at Standard Chartered Europe explains: “We are proud to have partnered with Seaboard by delivering a programme that, besides being priced competitively,...
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