Original disclosure @ IFC website
Updated in EWS Feb 1, 2023
Disclosed by Bank Nov 30, 2022
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According to the Bank’s website, the proposed IFC investment is a 1-year US$20 million funded participation under a risk-sharing facility of up to US$40 million uncommitted secured revolving trade finance facility with Sumitomo Mitsui Banking Corporation (“SMBC”) for Thanh Thanh Cong - Bien Hoa Joint Stock Company (“TTC Sugar”). The facility is renewable annually for additional two years.The facility will be solely dedicated to finance (i) the Company’s import of raw sugar; (ii) storage in the approved domestic warehouse(s) with a Collateral Management Agreement (“CMA”); and (iii) sales to domestic and international customers.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Thanh Thanh Cong - Bien Hoa Joint Stock Company||Client||-|
Thanh Thanh Cong - Bien Hoa Joint Stock Company
Ms. Dinh Thi Ngoc Thao
Head of Treasury Department
+84 90 3398320
1st Floor, Betrimex Building, 62 Tran Huy Lieu Street, Ward 11, Phu Nhuan District, Ho Chi Minh City
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