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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
fin.dep-mgr@ttcsugar.com.vn
1st Floor, Betrimex Building, 62 Tran Huy Lieu Street, Ward 11, Phu Nhuan District, Ho Chi Minh City
ttcsugar.com.vn/Default.aspx
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