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Internationalisation Finance Scheme for Non-Recourse (IFS-NR)

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Published by Enterprise Singapore
on 29 Nov 2019

Mid-sized Singapore-based companies developing local and regional infrastructure projects can tap the IFS-NR to manage risk.



Mid-sized companies can access up to S$50 million in project financing for local and overseas development projects with the Internationalisation Finance Scheme for Non-Recourse (IFS-NR).

Enterprise Singapore co-shares default risks with Participating Financial Institutions (PFIs) to look beyond the borrowers’ balance sheet and instead rely on project income streams when extending project finance loans.



Singapore-based companies with main business functions in Singapore and annual sales revenue (including subsidiaries) of less than S$500 million (for trading companies) and less than S$300m (for non-trading companies) may apply for IFS-NR.

In addition, the qualifying Singapore entity must have at least 30% equity share in the Special Purpose Vehicle and the overseas business must complement the Singapore company’s core operations and result in clear economic spin-offs to Singapore.


For More Info

Internationalisation Finance Scheme for Non-Recourse (IFS-NR)

Enterprise Singapore
230 Victoria Street #10-00
Bugis Junction Office Tower
Singapore 188024

1 Fusionopolis Walk
#01-02 South Tower, Solaris,
Singapore 138628

Email : enquiry@enterprisesg.gov.sg
Hotline : (65) 6898 1800

Last Modified Date: 29 Nov 2019