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09 December 2013

Russian Copper Company successfully closes PXF

Russkaya Mednaya Kompaniya (Russia Copper Company – RCC) has successfully closed its $250 million pre-export finance (PXF) facility. The facility is a five-year,...

06 December 2013

IFC and SG combine to finance Cote d’Ivoire oil imports

IFC and Société Générale CIB (SG CIB) have co-arranged a $300 million trade finance facility to fund crude oil imports into Cote d’Ivoire. The arrangement is for the...

06 December 2013

Russian power sector gets EBRD local currency loan

Russia’ power sector is to get a major boost with a 12-year, €100 million ($136 million) loan from the European Bank for Reconstruction and Development (EBRD)to assist...

06 December 2013

Mechel arranges covenant holidays with lenders

Russian mining and metals company, Mechel, has agreed terms for covenant holidays with a group of international lenders and separately in relation to bilateral credit...

06 December 2013

DEG provides loan for Chile solar power project

The German development bank – Deutsche Investitions- und Entwicklungsgesellschaft (DEG) – will contribute $18.5 million as part of a loan package to finance the expansion...

05 December 2013

US Ex-Im provides direct loan for Turkish Star refinery

The Export-Import Bank of the United States (US Ex-Im) has come up with one of its largest direct loans to date under its direct lending programme – a $640.7 million...

05 December 2013

MIGA risk survey finds increasing levels of caution

In a new survey on risk published by the Multilateral Investment Guarantee Agency (MIGA) it reveals that foreign investors are increasingly cautious about investing in...

05 December 2013

Schlumberger selects StanChart for cash management solution

Schlumberger the world’s largest oilfield services company, has selected Standard Chartered (StanChart) to provide a comprehensive cash management and trade guarantee...

04 December 2013

EBRD provides financing for Ukrainian agri-sector

The European Bank for Reconstruction and Development (EBRD) is providing a new debt facility to Ukrainian agribusiness producer Myronivsky Hliboproduct (MHP Group).

04 December 2013

China’s RMB overtakes euro as second most-used trade finance currency

According to the Society for Worldwide International Financial Telecommunication (SWIFT), China’s renminbi (RMB) overtook the euro as the world’s second most-used trade...

04 December 2013

GE Hungary exports to Russia get Sberbank and Mehib backing

Russia’s Sberbank has signed its first export credit transaction with the Export-Import Bank of Hungary (Hungarian Exim), allowing for the export of...

03 December 2013

Gazprom-Neft signs mega club loan

Russian oil exploration and producing company, Gazprom-Neft, has signed a $2.15 billion club term facility agreement with a group of international banks. The heavily...

03 December 2013

Gazprombank finances PDVSA Venezuelan JV

Russia’s Gazprombank has agreed to provide financing to an oil producing joint venture with Petróleos de Venezuela (PDVSA), the state-owned Venezuelan oil and natural gas...

03 December 2013

Kexim provides first ship bond to help local firms

The Export-Import Bank of Korea (Kexim) has agreed to provide a ship bond guarantee to help ship financing to a local shipping company - Sinokor Petrochemical. This is...

03 December 2013

US Ex-Im appoints chief risk officer

The Export-Import Bank of the United States (US Ex-Im) has appointed Charles J ‘CJ’ Hall as executive vice president and chief risk officer. He has 35 years of...

02 December 2013

Proparco signs loan with pan-African Ecobank

French-headquartered development finance institution Proparco has signed a $50 million loan with the pan-Aafrican banking group Ecobank. The loan was signed with...

02 December 2013

Natixis expands presence in Asia-Pacific with new hires

French bank Natixis is expanding its presence in Asia-Pacific with two new hires for its regional banking platform within trade and treasury. Yuri Lin has been appointed...

02 December 2013

StanChart and AgBC collaborate for renminbi clearing

Standard Chartered Bank (StandChart) and Agricultural Bank of China Limited (AgBC) have signed an agreement to collaborate to provide renminbi (RMB) clearing services in...

02 December 2013

ACWA Power signs financing for Rabigh 2 project

A consortium led by ACWA Power International has signed the financing agreements for the 2060MW Rabigh 2 independent power project (R2IPP) power project in Saudi Arabia.

02 December 2013

BAML launches new trade products for Brazil

Bank of America Merrill Lynch (BAML) has launched new transaction service capabilities for clients doing business in Brazil. The products are designed to help companies...