Trade Finance Corporation (TFC) has completed renminbi financing arrangements for a Fujian Province, China, based wooden products manufacturer and forestry concession holder.
The loan arrangement, in tens of millions of dollars, was structured in two tranches. First, a three-year pre-export linked term loan to enable the purchase of further forestry concessions by the borrower and second, a general working capital portion for the wooden products manufacturing plant.
TFC acted as arranger and advisor with funds being provided by a European bank based in China and co-operation with offtakers of product in Canada and Japan.
TFC is a Hong Kong based arranger and facilitator of structured trade finance and project finance.