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Black Sea Trade and Development Bank

Guarantees

Instrument Description

Black Sea Trade and Development Bank (BSTDB) is a regional development bank working to improve the financing and support of projects in the Black Sea region. BSTDB offers both full and partial commercial and political risk guarantees to cover loans for economic development. The bank may act as primary or secondary obligor. Projects involving guarantees are appraised, processed and supervised in the same way as those involving direct loan extensions. Precise legal definitions of events guaranteed and pricing are handled on a case-by-case basis.

Eligible Projects and Transactions

The BSTDB offers its services on a case-by-case basis. The maximum exposure must be known and measurable and the credit risk must be acceptable.

Eligible Regions

Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine

Key Features

  • Costs: fee pricing depends on the guarantee’s specific coverage and risks. Fee structure usually includes a front-end fee, exposure and/or periodic guarantee fees and a commitment fee.

Eligible Countries

  • Flag of Albania
    Albania
  • Flag of Armenia
    Armenia
  • Flag of Azerbaijan
    Azerbaijan
  • Flag of Bulgaria
    Bulgaria
  • Flag of Georgia
    Georgia
  • Flag of Greece
    Greece
  • Flag of Moldova
    Moldova
  • Flag of Romania
    Romania
  • Flag of Russia
    Russia
  • Flag of Turkey
    Turkey
  • Flag of Ukraine
    Ukraine