StanChart circles $1bn to finance Covid-19 fighting companies

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By Morgan Davis
30 Mar 2020

Standard Chartered will commit at least $1bn of financing for companies that provide goods and services that can be used to fight against the Covid-19 pandemic.

The financing initiative is effective immediately, according to a source at the bank.

Companies such as pharmaceutical manufacturers and distributers and healthcare providers will be eligible for the financing.

The funds will be provided in the form of loans, import/export finance or working capital, all at preferential ...

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