Wison Engineering secures USD 283 million cross-border guarantee led by ICBC Shanghai Branch
PUBT·- Wison Engineering secured a USD 283 million cross-border letter of guarantee for a project with a global oil and gas company in the Middle East. - The guarantee was led by ICBC Shanghai Branch, with Bank of Communications Shanghai Branch and SPD Bank Shanghai Branch as co-issuers. - HSBC and ICBC acted as re-issuing banks, forming a cross-border syndicated issuance model for large-scale guarantees.