Case Study

Powering a High-Value Infrastructure Deal:
How a USD 130M Standby
Letter of Credit Was Delivered in Two Strategic Tranches

Global infrastructure developer needed $130M SBLC in two tranches aligned with project milestones. We coordinated seamless issuance to protect project continuity.

Infrastructure
SBLC
Staged Financing
Dubai

$130 Million

SBLC total value

2 tranches

USD 80M + USD 50M

Project milestones

Synchronized

Seamless

Stakeholder coordination

Client Profile

A global infrastructure developer approached Express Trade Finance to secure funding support for a time-sensitive project.

The Requirement

The beneficiary required a Standby Letter of Credit (SBLC) totaling USD 130 million, to be issued in two tranches (USD 80M + USD 50M). This structure was essential for aligning with contract milestones and ensuring uninterrupted project execution.

Core Problem

The client’s primary banking partner faced internal constraints that delayed issuance. Any further setback risked derailing contractor mobilization and jeopardizing the entire project timeline.

What Was Needed

What Was at Stake

More than speed—precision and credibility
Project continuity and timeline
A financial structure matching the project's staged requirements
Contractor mobilization schedule
Perfect coordination with project milestones
Stakeholder trust and relationships
Seamless acceptance by beneficiary's bank
Multi-million dollar infrastructure development

The Solution

That’s when we stepped in.

Our Approach

Leveraging its international banking network and deep structuring expertise, Express Trade Finance arranged the SBLCs efficiently and in full compliance with the beneficiary’s specifications.

ETF coordinated closely with all parties to ensure both tranches were issued under matching terms, aligned with project milestones, and accepted seamlessly by the beneficiary’s bank.

The Results

Express Trade Finance enabled the infrastructure developer to execute a large-scale project confidently, meet critical obligations, and maintain momentum, all without financial roadblocks.

Structured and delivered within the required timeframe to protect project continuity

Terms synchronized with contractual milestones for maximum clarity and acceptance

Strengthened trust and operational fluidity between project stakeholders

Project able to proceed without disruption

USD 130,000,000
SBLC executed in two tranches

80M + 50M

Our mission is simple

Enable clients to execute large-scale projects confidently, meet critical obligations, and grow without financial roadblocks.

Need Structured SBLC Solutions for Large Projects?

Whether you need single or multiple tranches, Express Trade Finance has the expertise and banking relationships to deliver complex SBLC structures that align with your project milestones.