SBLC Buyer Seeks $2B Purchase - China
View Original Listing
Sign in to save
Financial Details
- Location:
- CN
- Source:
- Date:
- June 18, 2025
Key Highlights
- Chinese buyer seeking $2 billion in fresh-cut SBLCs.
- Provider side open, targeting top banks (DBS, HSBC, Barclays, Citibank, Standard Chartered).
- Payment via bank purchase, considered cash from mainland China.
Description
A Chinese buyer is seeking to purchase $2 billion in fresh-cut Standby Letters of Credit (SBLCs) at 43+2, with an initial tranche of $500 million. The buyer's side is closed, but the provider side is open, seeking slight seasoning from top banks such as DBS, HSBC, Barclays, Citibank, and Standard Chartered. Payment will be made via bank purchase, considered cash from mainland China. Amount sought is not disclosed.
Industry Information
- Industry Description:
- Banking / Fintech / Payments
- Classification:
- Financial Services
Listing Details
- Listing ID:
- 16b6ec94-3f2a-46d8-9942-05627e5d6559
- Deal Status:
- For Sale
- Date Posted:
- June 18, 2025
- Last Updated:
- June 18, 2025
- Currency:
- USD
Features & Tags
Tags & Categories