STX Group has closed a repeat of its pioneering 2023 environmental commodities borrowing base deal – and it is bigger, bolder and has more banks. How did the trader overcome risk perceptions, a knowledge gap and widespread concerns around greenwashing to reach financial close? More
BAFT has appointed Craig Weeks as its new senior vice president of trade. Weeks, who joined BAFT this week, will lead the association’s trade-focused policy, practices, and education initiatives, and will support its trade-related councils and committees. Prior to joining BAFT, Weeks... More
TXF is delighted to announce that Exile Global 2025 will feature Youngjin Jang, Chairman & President of Korea Trade Insurance Corporation (K-Sure), and Yoon Hee-sung, Chairman & CEO of The Export-Import Bank of Korea (Kexim), as keynote speakers. These distinguished leaders will explore the... More
Tobias Behringer, head of finance advisory, Siemens Financial Services, discusses his role in the transformed Siemens organisation as part of the connective tissue for banks, ECAs, and MDBs. He’s got a zeal for mobility projects, particularly sustainable ones, and the role of equity investments... More
JERA Global Markets has closed its one-year syndicated revolving credit facility at $1.495 billion. The deal involved 30 lenders, including ten newcomers.The RCF will be used for general corporate purposes, including the Singapore-based company’s global LNG trading business. The facility,... More
Standard Chartered has launched the sustainable finance variants of borrowing base trade loans (BBTL). The solution will be available in the US, UK, UAE, South Africa, Singapore and Hong Kong. Further market launches are expected in the future.The BBTL is a secured revolving credit facility... More
JBIC is investing an additional €11 million in NordicNinja Fund II. The fund is a venture capital firm that primarily invests in start-ups in the sustainability and digital fields in the Northern Europe region and is a JV between JBIC and Management Co-Creation Platform. JBIC has... More
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion.The all-cash transaction, which is expected to close in the fourth quarter, is a part of its strategy to divest $10 billion to $15 billion of assets by 2028. The assets, located in... More
UKEF has guaranteed a financing package which allowed Alicat Workboats to secure a contract to build offshore wind workboats.Norfolk-based Alicat will construct two workboats worth almost £1 million each for export to Turkey. Both workboats will be manufactured in Great Yarmouth using 100%... More
Shell Pipeline Company has taken a final investment decision for the Rome pipeline, sanctioning a new offshore pipeline which will move crude oil produced from bp’s Kaskida field development project.The new pipeline, which will be roughly 100 miles in length, will transport crude oil from... More
Tellurian shareholders have voted in favour of the US LNG developer's proposed $1.2 billion acquisition by Australian energy producer Woodside Energy.Woodside in July agreed to buy Tellurian, including its US Gulf Coast Driftwood LNG export project.The agreement is expected help solve... More
NIB and Epiroc, a Sweden-based mining and construction equipment manufacturer and service provider, have signed a ten-year $150 million sustainability-linked loan. The loan is connected to Epiroc’s climate targets, which support the decarbonisation of the mining industry.The NIB loan... More
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Full detailsUS-headquartered Coeur Mining is buying Canada's SilverCrest Metals in a deal worth around $1.7 billion.SilverCrest shareholders will receive 1.6022 Coeur common shares for each SilverCrest common share. The Exchange Ratio implies consideration of $11.34 per SilverCrest common share, based on... More
Karan Jain has been made Director - Global Trade Finance Distribution at SMBC.Jain was previously Director, Trade Finance Distribution at Standard Chartered from 2018 to 2024. Before that, Jain was Director, Global Banking Relationships at Euler Hermes for over two years, according to LinkedIn. More
Ukraine plans to create a state war insurance agency to help internal and foreign investors apply for compensation if Russian forces destroy their assets. Ukraine’s central bank, the National Bank of Ukraine, the Ministry of Economy and the Ministry of Finance presented the draft Law of... More
Genmin has received firm commitments to raise A$10 million through a two-tranche placement and executed an arm’s length $1 million working capital financing with its major shareholder Tembo Capital.The placement will comprise 200 million new shares at A$0.05 a share, as well as 210 million... More
Arizona Lithium will raise cash proceeds of $11 million ($7.5 million) by selling non-core acreage and data at the Prairie Lithium Project to Homestead Energy.In total, Arizona Lithium will divest approximately 40,000 acres of Crown Mineral Title and approximately 11,600 net acres of Freehold... More
Santacruz Silver Mining has penned definitive agreements to amend the terms related to the earlier sale of Glencore's Bolivian mining assets to Santacruz. The agreements, effective from October 3, 2024, include an omnibus agreement and an amended security agreement, following negotiations... More
UKEF and Indonesia Eximbank have signed a partnership agreement that will help to create new business opportunities for Indonesian exporters.The two ECAs will collaborate on new projects around the world, especially in Africa and the Indo-Pacific. They aim to jointly support international projects... More
Cunext Group has signed an expanded green and sustainable syndicated loan, with the financing now totalling nearly €35 million ($38 million).The loan was arranged by the Instituto de Credito Oficial (ICO), Caja Rural de Navarra and EBN Banco, and is guaranteed by Cesce. Funds will be used to... More