Private Trade Finance Firm, USEC, Issues Limited Private Placement Offering to Expand Trade Operations
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.
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SOURCE: United Securities Equity Corp
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