A New Delhi based coal importer with large high value import transactions. After the ban on LOUs, access to competitive FCY funding became scarce and cost of borrowings went up significantly.
Client explored alternate funding sources however the credit market for bank risk had shrunk as well post the recent events.
Myforexeye Value Addition
The client approached Myforexeye to syndicate a $2M import transaction. Our team suggested possible banks for LC issuance where best pricing could be sourced. However, the issuing bank choice was restricted to the availability of free limits and in this case, it was a bank where credit appetite was highly restricted.
Myforexeye team reached out to its network of over 100 banks across the globe for this transaction and successfully tabled very competitive quotes from two offshore banks. The transaction was closed under L+45bps for a 6-month tenor.
The client was very satisfied with our service and the ability to syndicate a difficult transaction at very competitive rates.
Date : 4-Oct-2018
20 Apr 2019 04:05 PM
A Mumbai based chemical solvent importer regularly borrows funds in foreign currency backed by LC under Supplier’s credit route. The payments are made at sight to the beneficiary by the overseas lender which extends trade credit to the client for 90
06 Apr 2019 05:43 PM
A New Delhi based importer and distributor of Engineering plastics with an annual turnover of INR 1000+ crores. The company imports plastic resin from
22 Mar 2019 05:18 PM
Client is an exporter of medical equipments based in Hyderabad with exports worth INR 250 crores annually with exposures in USD and EUR. Client was de
11 Mar 2019 05:17 PM
Client is a scrap metal importer based in Surat with imports worth INR 30 crore annually. Client was dealing with a PSU bank and was not using any cre
04 Mar 2019 02:55 PM
Case: Client is a garment exporter in Tirupur, Tamil Nadu with exports worth INR 100 cr annually to U.S. and Europe and bills majorly in Euro. Client
22 Feb 2019 06:25 PM
A USD200m pharmaceuticals company which is a part of a USD 800m group. Set up in the ‘80s, it is one of the leading players in the world in the produ