Trade Finance Corporation (TFC) in its role as strategic advisor to a large citric acid group has completed two financing arrangements for this Shanghai-based group involved in citric acid production in Qingdao and Qinhuangdao.


A seven figure US$ pre-export financing underpinned by 12-month revolving contracts with European buyers has been arranged. TFC structured the deal and financing was provided by a European bank branch in Singapore.


Also, a seven figure US$ receivable pool loan supported by the group’s export book was arranged. TFC acted as arranger and the financing and deal structure was provided by a Shanghai-based locally incorporated bank, TFC’s first co-operation with this entity.


TFC will launch the first syndicated loan for this group in Hong Kong in a few months and will help restructure the group in preparation for an IPO within the next 12-18 months.


TFC is a Hong Kong-based arranger and facilitator of structured trade finance and project finance.