Note Issuance Facility
A Note Issuance Facility is a standby credit agreement from a bank that
permits a borrower to obtain financing on specific terms by way of the
borrower issuing medium term notes which shall be sold to institutional
investors and high net worth individuals.
Typically, because of the length of time it may take to structure an NIF
transaction to the sale of the notes, it is not uncommon for the bank
to arrange a "bridge" or short term NIF for the borrower to accommodate
the borrower's needs between the time the notes are offered and funds
are received.
Syndications
Where a financing request or risk is too large for the bank, Century Bank Bank shall invite other banks/lenders to jointly provide the
financing. A syndicated loan is one that is provided by a group of
lenders and is structured, arranged, and managed by one or several
commercial or investment banks known as arrangers.
Century Investment Bank has an impressive record in arranging various
syndicated credit facilities for leading companies and multinational
customers in the past and is well placed to assist customers with
syndicated finance for viable projects. The syndicated loan market has
become the dominant way for issuers to tap banks and other institutional
capital providers for loans. The reason is simple: syndicated loans are
less expensive and more efficient to administer than bilateral, or
individual, credit lines.
Distributor Credit Plans
The Distributor Credit Plan is a scheme established by Century Bank Bank for the distributors of our large corporate customers as well
as other distributors to encourage the development of small and medium
sized enterprises in the country through the provision of competitively
priced loans. While the loans shall be provided by the Bank, we have
also put in place a capacity building program to support the
distributors in developing their businesses.