To assist the government to promote major public construction and infrastructure projects, Eximbank provides the required bid bond, performance bond, advance payment bond, retention bond and other related guarantee for contractors contracting domestic major public construction and infrastructure projects.
Applicants
Public and private enterprises, institutions, corporations, and government agencies acceptable to Eximbank
Conditions for Guarantee
- Method of Guarantee: Issuance of letter of guarantee or stand-by L/C.
- Guarantee Amount: Determined on a case-by-case basis by Eximbank depending on the applicant’s transaction contract.
- Guarantee Fee Rate: Determined on a case-by-case basis depending on the guarantee amount, guarantee period, and customer credit.
Security:
The applicant shall provide bank guarantee, collateral or guarantor approved by Eximbank, except for those with Eximbank approbals are not limited.