Ahmed & Qazi

PKR 3.4b project sblc closed in 3 days

Today, with A&Q as legal counsel, a leading bank successfully closed a PKR 3.4 billion project standby letter of credit facility to the majority sponsor of a leading coal production company.

The purpose of the SBLC Facility was to secure the sponsor’s equity injection commitments towards the financiers of the coal project.

The facility was closed within just 3 days of A&Q’s engagement.

A&Q team was led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Senior Associate).