Financial Instrument Backed Financing, FBF

Features:

1. Minimum amount: $100,000,000.00 USD
2. Annual interest rate: 3.50%
3. Maturity: 10 years or more
4. Grace period: 12 months
5. Processing time: 90 business days minimum, with disbursement in installments.
6. Service fees: 5% of the financing or face value of the instrument.

Eligibility:

1. Viability of the project or its socio-economic impact on the beneficiaries.
2. The Financial instrument must be cash-backed, freely transferable, assignable, callable, irrevocable, and issued by a bank rated A, AA, AAA from any of the following jurisdictions: Canada, USA, Hong Kong, and any Country in the Western Europe.
3. Subscription to appropriate insurance.
4. Additional guarantees and/or ownership in the financed project.
5. The representative of the government entity must be authorized to bind the government.
6. The government representative must be at least 21 years old with clean criminal record.

Effective February 28th, 2023.