In February the Berne Union and the ICC convened a meeting of export finance practitioners to discuss the future of sustainability in the industry. The key message? A more holisitic approach is required to appropriately balance risk and impact. More
The wait for the winners of the TXF Perfect 10 Commodity Finance Deals of the Year is over. Read on to find the landmark deals of 2024. More
The Export-Import Bank of the United States has approved a loan of almost $5 billion loan for a long-delayed LNG project in Mozambique. The funding clears a key hurdle to restarting the project under development by French oil major TotalEnergies.The ECA had previously agreed a $4.7 billion loan for... More
Turkish port operator Yilport Holding has secured ECA support for a deal to buy 24 port container cranes from Mitsui Engineering & Shipbuilding.Yilport's Ecuadorian subsidiary is procuring the cranes for the South American country's Puerto Bolivar. JBIC agreed a $30 million buyer's... More
Iraq is looking to buy cargoes of LNG for the first time as it faces uncertainty over supply from Iran, raising the prospect of electricity shortages.The country is in broad talks with companies to secure a specialised vessel to use as a floating LNG import terminal, sources said. It includes a plan... More
UKEF's direct lending capacity for defence will be increased by £2 billion to £10 billion under new government plans. The increase will raise UKEF support for exports such as missiles, aircraft and armoured vehicles overseas.UKEF’s Direct Lending facility provides loans to... More
Saudi Aramco is expected to begin the solicitation of interest round for the main tendering process for a major expansion project of its affiliate, Saudi Aramco Jubail Refinery Company (Sasref), in the second quarter of this year.The proposed project, which is part of Aramco’s $100 billion... More
Croatian oil and gas group INA has increased its existing €300 million revolving credit facility by €50 million. The other conditions of the agreement remain unchanged, it said in a filing to the Zagreb bourse. INA signed the credit facility with eight banking groups in 2022. It matures in... More
ABB and Charbone Hydrogen Corporation – an integrated green hydrogen production company based in Montreal – have signed an MoU to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years.The aim is... More
Capricorn Metals has signed a binding agreement to acquire the Kings Find project, a highly prospective gold tenement in Western Australia, from Serena Minerals.The transaction, valued at A$1.5 million, includes an initial cash deposit of A$100,000 with the balance to be settled through Capricorn... More
EIB Global and Cambodia's Ministry of Economy and Finance have signed a €15 million EU grant deal to support the Agriculture Services Programme for an Inclusive Rural Economy and Agricultural Trade (ASPIRE-AT).ASPIRE-AT aims to modernise the agricultural sector, enhance food security and... More
The UK Government has introduced a landmark Planning and Infrastructure Bill intended to accelerate the delivery of homes and major infrastructure projects.The Bill, along with recent reforms to the National Planning Policy Framework, is intended to support the Government’s goal of... More
Troilus Gold has mandated a syndicate of global lenders for up to $700 million in project financing for the development and construction of its gold-copper project in north-central Quebec.Societe Generale, KfW IPEX-Bank, and Export Development Canada are mandated lead arrangers on a structured... More
IFC has appointed Amena Arif as its new Country Manager for the Philippines. In her new role, Arif will focus on mobilising private sector investments to support job creation, reduce the impacts of climate change, and promote financial inclusion.Arif joined IFC in 2012 after building a career in... More
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Full detailsAngola's Ministry of Finance will sign a €812 million ECA-backed financing for a transmission line project by the end of 2025. SERV and Africa Finance Corporation are supporting the transaction with reinsurance from KUKE. Commerzbank is leading the bank group, with Investec acting on... More
Limak Holding will close a €60 million SERV-backed facility in H1 2025. Standard Chartered is providing the funds. The financing will be used for equipment purchases from Caterpillar Inc. that will replenish Limak's construction supplies.The company is also in talks with lenders and ECAs... More
ABN AMRO Sustainable Impact Fund has sold its stake in OG Clean Fuels to Pioneer Point Partners. OG, founded in 2008, began as a biomethane supplier for passenger cars and vans in the Netherlands. It has since shifted focus to heavy-duty vehicles, operating nearly 30 on-depot bio-CNG stations... More
Jiangxi Copper has signed a share purchase agreement to increase its stake in Australian gold mining company SolGold to 12.19% from 6.95%.Jiangxi Copper subsidiary Jiangxi Copper (Hong Kong) Investment will purchase 157,141,100 ordinary shares in SolGold at $0.115 each, totalling approximately $18... More
MAC Copper has amended its debt and further simplified its balance sheet through the early repayment of the Sprott mezzanine facility.The old MAC facilities comprised of a $159 million term loan facility, an undrawn $25 million revolving credit facility, a $145 million mezzanine facility, and a A$45... More
SACE, JBIC and NEXI are set to support the second phase of a unique gas-to-gasoline plant in Turkmenistan. The total volume is expected to reach $2.5 billion. SACE has submitted a letter of interest for up to $1 billion in financing, while JBIC and NEXI are expected to cover an additional $1.1... More