Sino Agro Food Inc (fka SIAF)

[The Swede]

Tri-way has submitted all relevant documents now to 5 lending institutions which have formed a syndicated bank facility, probably better known as a syndicated loan. And Tri-way’s principles have met with each of the bank’s CEOs, they’ve settled on a lending structure consisting of X number of dollars per each vehicle and the vehicles namely are stand by letter of credit, trust receipt, and a line of credit. Which all total just under $100M USD as of right now. And again this is based on what the 5 bank’s willingness to spread the risk are willing to accept.

https://www.investopedia.com/terms/s/standbyletterofcredit.asp
http://www.uob.com.sg/assets/pdfs/corporate/corporate/TradeTutorials_TRInvoiceFinancing.pdf
https://www.investopedia.com/terms/l/lineofcredit.asp

Not the most straight forward type of loan