Private Trade Finance Firm, USEC, Issues Limited Private Placement Offering to Expand Trade Operations

United Securities Equity Corp

AsiaNet 85261

 

GENEVA, August 25, 2020 /PRNewswire=KYODO JBN/--

 

Geneva based international investment firm, United Securities Equity Corp

(USEC) [http://www.usecinvest.com/ ]  has recently issued a new limited private

placement offering in order to further strengthen its investment portfolio and

stimulate trade activity in light of the widespread slowdown due to the corona

virus pandemic.  USEC provides a specialized range of trade finance solutions

to businesses across the globe.  This offering moves USEC closer to its goal of

expanding their trade finance operations, potentially valued at $850M USD.

 

With the support and guidance of the ICC (International Chamber of Commerce),

USEC positions itself as a unique conduit to trade finance and investment

opportunities for companies during this period of economic uncertainty. The ICC

wishes to effectively alleviate some of the key disruptions caused by the novel

coronavirus (COVID-19) pandemic.

 

In its April 6th 2020 memo

[https://iccwbo.org/content/uploads/sites/3/2020/04/icc-memo-on-essential-steps-

to-safeguard-trade-finance-operations.pdf ] the ICC is "calling on governments

and central banks to immediately void the legal requirement for paper-based

documentation, and to adopt the UNCITRAL Model Law on Electronic Transferable

Records."  ICC's Secretary-General John W.H. Denton AO further clarified that,

"The trade finance market is systemically important to the functioning of the

global economy."

 

To this end, USEC is working diligently to fulfill the ICC's objective, by

offering its services to businesses in search of non-traditional funding in the

goal of helping with a speedy global economic recovery.  "As the global economy

gradually recovers and opens for business again, trade companies may meet with

funding constraints and require assistance to transact effectively," said Edgar

Burke, USEC Chief Investment Officer.

 

USEC has enlisted the services of international advisory firm Mainsail

Capmarkets [http://mscmkts.com/Home/RetailIndividual ] who will operate in the

capacity of Exclusive Distributor for the Private Placement.

 

United Securities Equity Corp (USEC) is a Geneva based international investment

firm, providing businesses across the globe with a specialized range of trade

and finance solutions.

 

If you would like more information about this topic, please contact Media

Relations, Nelson Abraham, at +41 22 531 0013 or email media@usecinvest.com.

 

Logo -

https://mma.prnewswire.com/media/1243377/United_Securities_Equity_Corp_Logo.jpg

 

 

SOURCE: United Securities Equity Corp

 

 

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