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$50MM receivable finance for a Singapore metals trader

Summary:

Established in 2023 in Singapore, the borrower is a metals commodity trader.  Main customers are based in Hong Kong and in Dubai.  Product is mainly copper cathodes.  AIG credit insurance covering buyer non-payment risk.

Industry: 

Borrower Region: 

Facility Type:

Facility Limit:

Deal Amount:

Deal Tenor:

Collateral:

HMX Co-Lend:

Pricing (%pa):

Status:

Metals trade

Singapore

Receivable finance

$50 million

$2 - 6 million

150 days

Receivables

No

13%pa

Active

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