FirstCaribbean Turks & Caicos Islands $85m credit quote

From Wikileaks.org: 15. Mar. 2010: Turks & Caicos Islands government asks for US$85M credit line from FirstCaribbean, 28 Jan 2010 Quote for a US$85 million line of credit from FirstCaribbean to the government of the Turks & Caicos Islands. The loan is to be used for refinancing existing liabilities held by FirstCaribbean & Citibank ($26M), reduce an overdraft facitility ($15M), cash reserves (US$10M), pay creditors $(US$33M) and "transactions costs". The interm TCI Government is controlled by the Consultative Forum. Our source states that fourm members demanded access to this document but were denied access to it.

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