Case Study 16

Blend has been associated with the UAE contractor (“the company') in providing comprehensive financial advisory services.

The company is one of the largest in the world recognized by IDA (International Desalination Association) and has successfully completed more than 10 Desalination projects in UAE markets. They have also done projects such as pumping station, pipelines, sea water, waste-water, transmission etc. The company has a net worth of over USD 200.00 Mn and is headquartered in UAE and has offices across GCC and Asia.

Transaction Highlights: The company was executing a project in JV with a large European conglomerate. In pursuance to the signed contract wherein the project cost was ~ USD 150.00 Mn, the company was required to submit Contract guarantees to avail the advances in order to commence project work and ensure performance on the project.

The underline project entailed to Designing and Building the Desalination Plant with operational and maintenance of 20 years. The entire execution is done by the UAE Contractor with technical expertise of European Player.

Blend's Value add: Blend understood the requirement of the company and with its experience and knowledge facilitated the company with Bank guarantees which was supported by a credit enhancement from an Investment Grade institution.

The Guarantees Desk at Blend provides an effective solutions to EPC contractors & large commodity traders in their area of operations globally (i.e. South East Asia, Middle East, Africa, OECD, CIS and Latam America Countries preferably). The objective is to provide contract & financial guarantees to meet the contractual requirements for execution of works within the stipulated timeframe. Blend facilitates these products through its preferred channel partners along with their wide network of financial institutions.

Case Study Blend Finance
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