Posted by First Fidelity Commerce Trust Ltd. on April 30, 1998 at 17:00:36:
First Fidelity Commerce Trust has structured a new credit
facility for companies that have non-performing debt/loans
with various banks both in Southeast Asia and Eastern
Europe. Pre-production Debentures provide new funding
to companies that export a minimum of 70% of their
production, thereby creating foreign hard exchange. These Production Bonds are secured by pre-sold purchase orders and Letters of Credit provided by the buyers. The minimum amount of bonds using this program is $25 million USD. Rates, terms and conditions are subject to a complete underwriting and due diligence of each clients financials, amount of present debt and Management. We invite you to view our Web Page for a better understanding of our financial services: http://www.ids.net/fidelity Contact: Robert Bleakney, Senior Project Manager
First Fidelity Commerce Trust Ltd.
200 Centerville Road
Warwick, Rhode Island 02886 USA
Phone: 401-732-0510, Fax: 401-732-0512
E-mail: ffidelity@ids.net