Telecommunications equipment and related services to an operator in Kuwait
TD Securities and Natixis are the first financial institutions to use Finnvera’s Refinancing Guarantee Scheme.
Finnvera and TD Securities have closed a refinancing guarantee allowing the refinancing of around USD 85 million which is a part of a USD denominated buyer credit guarantee facility in the amount of USD 200 million arranged by Natixis to finance Nokia´s deliveries of networks equipment and guaranteed by Finnvera.
Finnvera has had its Refinancing Guarantee Scheme available for some time already as an alternative for the scheme where Finnvera´s subsidiary Finnish Export Credit provides funding and benefits from Finnvera´s guarantee cover.
Exporter: Nokia Solutions and Networks Oy
Guarantee Holder: Natixis, France
Arrangers: Natixis, France and First Abu Dhabi Bank
Lenders: Natixis and Finnish Export Credit Ltd.
Borrower: Mobile Telecommunications Company K.S.C.P., Kuwait
Goods: Telecommunications equipment and related services
Credit amount: USD 200 million
Credit period: 8.5 years
Credit amount covered by Finnvera: USD 200 million
Environmental and social classification: C
Information published: 21 November 2017