Recent transactions

We have established a proven track record of finance and credit insurance transactions within the commodity and natural resources markets.
Back to grid
TRANSACTIONAL FINANCE LINES
US$ 12 mln - uncommitted
(Singapore - Cashew Nuts & Sesame Seeds)
Lenders - undiscolsed
Debt Arranger - Cofarco SAS
July 2017
Specialised Singapore based agri trading firm inks new transactional finance facilities, in transactions advised by Cofarco

Founded in 2006 and headquartered in Singapore, the Company focuses on high-margin non-listed commodities, primarily cashew nuts and sesame seeds. Key transaction flows include the purchase of products in Africa and sales to factories in Asia and in Europe.

 

The firm has managed a controlled and steady growth and become a top player in its core markets accompanied by  a pool mostly composed of Asian lenders. The Company identified the European liquidity markets as their next priority to extend their funding offer, driven by a strong understanding of operations in Africa and reputed tradition in trade finance.

 

Cofarco was mandated in February 2017 as gateway into the European market.

 

A first transactional finance facility was signed and drawn in July 2016 with a specialist bank for the financing of pre-sold products purchased at the bush from suppliers in West and East Africa and on-sold to factories in Asia. The facility structure is self liquidating and secured at all times by underlying goods and/or trade receivables on the end-buyers. Two other facilities with European lenders were completed in July 2017  and discussions are progressing well with two other banks.

 

Commenting on the deal, Frederic Blanchi, Executive Partner at Cofarco says: “We are happy with the way the execution of the mandate is going so far. The first facility was set up and drawn upon 5 months after the mandate started. This goes to show a good level of interest from European lenders due to the strength of our client’s operations and extensive expertise in their markets.”