In depth
05 July 2024

Data dive: SACE surfs the wave, and makes its own ones

SACE has recorded huge increases in activity in recent years, primarily in support of domestic priorities. But is it pushing hard enough into the sectors and geographies that show the most promise? More

News
12 July 2024

Gunvor pens $1.32bn sustainability-linked RCF

Gunvor Singapore has closed a $1.2 billion sustainability-linked, syndicated RCF.The facility, initially launched at $750 million in April 2024, closed significantly oversubscribed by over 60%, increasing the total facility amount from the previous year. Gunvor Singapore has further upsized the... More

News
12 July 2024

JBIC funds Vietnam semiconductor firm Advantech

JBIC will loan JPY50 million ($314,088) to support Advantec Vietnam in manufacturing and selling semiconductor equipment in the country.The deal is co-financed with The Bank of Yokohama, bringing the total amount to JPY100 million ($628,175). Advantech is an SME providing vacuum items for... More

In depth
28 June 2024

ChemOne: Navigating a difficult path to financial close

ChemOne is approaching financial close for its flagship Malaysia petrochemicals facility after enduring years of pandemic-related strictures. Its journey has taken in a few unexpected junctures along the way, but its resilience is a healthy marker for big ticket industrial projects in emerging... More

News
12 July 2024

Bunge, Viterra offer concessions seeking EU approval for $34bn merger

US grains merchant Bunge and Glencore-backed Viterra have offered concessions aimed at winning EU antitrust approval for their $34 billion merger.The companies announced their merger a year ago in a challenge to global giants Archer Daniels Midland and Cargill.The European Commission, which did not... More

News
12 July 2024

Auramet pens $300m syndicated revolver

Auramet International has closed a $300 million syndicated revolving credit facility.Macquarie acted as MLA, bookrunner and administrative agent for the facility.The facility was oversubscribed through the existing bank group that includes Cooperatieve Rabobank, New York branch; HSBC Bank USA;... More

News
12 July 2024

Onyx doubles revolver to $100m

Onyx Renewable Partners has upsized and extended its three-year revolving credit facility to $100 million.The deal included current lender Investec and new lenders Siemens Financial Services and Mitsubishi HC Capital America. Proceeds will go towards project construction costs, letters of credit,... More

News
12 July 2024

MIGA guarantees to expand lending in 8 African countries

MIGA has issued 13 guarantees totaling $1.1 billion to Absa Group of South Africa for its investments in its subsidiaries in Sub-Saharan Africa.  The project includes increased and new coverage to Absa in support of the group’s general banking operations in its subsidiaries in Ghana,... More

News
12 July 2024

Kambarata-1 hydropower project gets additional funding

The World Bank has approved $13.6 million in additional financing for the Kambarata-1 Hydropower Plant Project in Kyrgyz Republic. The funding supplements the ongoing $5 million Technical Assistance for the project.This additional financing is provided on highly concessional terms through the... More

News
12 July 2024

South Crofty tin project financing secured

Strongbow Exploration has entered into a comprehensive financing agreement with Orion Mine Finance to progress the company's South Crofty tin project in Cornwall.The agreement includes a $65 million secured convertible note facility and an offtake agreement for 100% of the tin production from... More

News
12 July 2024

IFC supports SME finance in Cote d'Ivoire, Senegal

IFC has penned a risk-sharing facility of up to $40 million equivalent in West African CFA with Bridge Bank Group Cote d'Ivoire (BBGCI) to boost access to financing for small businesses. IFC will guarantee 50% of a portfolio of eligible short-term loans originated by BBGCI to SMEs across... More

News
12 July 2024

Fortescue pulls green hydrogen plan from Middle Arm precinct

Andrew Forrest’s Fortescue Metals has formally given up on its short-term plans to create a green hydrogen and ammonia hub in the Northern Territory, effectively handing back its land allocation in the Middle Arm industrial hub near Darwin.The move had been expected for some time. The decision... More

Event
Oct 2 - Oct 3, 2024

Asia 2024: Agency, Energy & Infrastructure Finance

Marina Bay Sands, Singapore

A networking super-highway for the agency, energy & infrastructure finance world!

Full details
News
12 July 2024

Chilean lithium to be eligible for US tax break

Products made with Chilean-mined lithium will be eligible for US tax benefits.Chile, the world's largest copper producer and second-largest lithium producer, will be eligible for tax breaks laid out in the US Inflation Reduction Act, which includes subsidies for electric vehicles based on their... More

News
12 July 2024

Azorra's BNDES facility reaches financial close

Aircraft lessor Azorra Aviation Holdings has closed on a $450 million financing from BNDES. After securing an initial $150 million facility in December 2023, the lessor has now closed on the remaining facility of $300 million.The facility provides debt financing for Azorra’s Embraer E2 order... More

News
12 July 2024

SACE unveils business climate risk partnership

BNL BNP Paribas, in partnership with One Underwriting, has the exclusive distribution rights for the "Climate Risk Protection" product by SACE.Within the framework of this partnership, SACE is involved through the new "Climate Risk Protection" tool, aimed at all businesses and... More

News
12 July 2024

Vitol's tender offer to delist Italy's Saras starts

A mandatory tender offer by Vitol on Italian oil refiner Saras will start today, July 12, and end on August 9.Italian market watchdog Consob approved the prospectus for the bid, under which Vitol's financial vehicle Varas aims to buy 54.52% of Saras share capital to delist the refiner, Varas... More

News
12 July 2024

New Age Exploration secures funding for Pilbara projects

New Age Exploration has completed a capital raising initiative to accelerate its gold exploration activities in Western Australia's Pilbara region. The company has secured A$3 million (about $2 million) through a two-tranche placement to sophisticated and professional investors. The... More

News
12 July 2024

Auren Energia's Esfera deal gets approval

The Administrative Council for Economic Defense (CADE), Brazil's antitrust regulator, has approved the acquisition of Esfera Energia by Auren Energia.Auren Energia, formerly known as CESP, is set to purchase Esfera Energia, a company specializing in energy trading and management. The... More

News
12 July 2024

Peru to get first sustainable logistics park

IDB Invest is lending $53 million to Almacenes del Norte to increase access to logistics services in Lima, Peru, through the new industrial park ADN Parque Logístico Callao. The project will be built in the Ventanilla district in the Constitutional Province of Callao. The financing... More

News
12 July 2024

Egypt Green Hydrogen project pens 20-yr offtake deal with Fertiglobe

Germany has awarded a tender to buy at least 259,000 metric tonnes of green ammonia between 2027 and 2033 to UAE-based Fertiglobe, marking the first in a round of global tenders to import green hydrogen derivatives needed for decarbonisation.Europe's biggest economy is seeking to expand the use... More