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Deutsche Bank provides USD 43 mln trade finance facility for rural Myanmar

Tuesday 15 September 2020 13:38 CET | News

Deutsche Bank has announced that it has provided a USD 43 million account receivable purchase facility to China National Technical Import & Export Corporation.

 

Backed by China Export & Credit Insurance Corporation ('CNTIC'), the mid-tenor facility is supporting a 90 megawatt plant located in Myingyan township, in the Mandalay region. The power plant is developed and operated by Hong Kong-based VPower under a 5-year power purchase agreement with Electric Power Generation Enterprise (EPGE) of Myanmar.

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. 




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Keywords: China Export & Credit Insurance Corporation, Deutsche Bank, trade finance, trade finance facility, banking, trade financing, Myanmar, Asia, APAC
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: Myanmar
This article is part of category

Banking & Fintech