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ECGD covers first bonding deal
14 June 2011
UK export credit agency ECGD backs first bonding facility under new bond support scheme for Glaswegian manufacturer Clydeunion Pumps.
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Clydeunion Pumps
UK
export credit agency
ECGD
bond support
bonding support
performance bond
delivery guarantee
Clydeunion Pumps, a pump manufacturer based in Glasgow, has become the first business to benefit from a new bonding support scheme by the UK export credit agency ECGD.
Under the new agreement, HSBC is providing an ECGD backed bonding facility for Clydeunion Pumps, which will allow the company to issue up to £25 million ($40.9 million) of new bonding.
The first deal under the facility will support a...
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