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Cocobod pre-export loan closing
19 September 2017

The twenty-fifth annual Cocobod pre-export financing (PXF) will be signed in Paris tomorrow (20 September). This year’s deal totals $1.3 billion and is priced at 65bp over Libor. Rabobank, SMBC, Credit Agricole, Natixis, Standard Bank and Ghana International Bank are leading arranging the facility. The financing has a tenor of 11...

WEC to issue RFQs for Rabigh 3 imminently
19 September 2017

Saudi Arabia’s Water & Electricity Company (WEC) is expected this month to issue the request for pre-qualification (RFQ) to the 55 comp...

Yapi out with second 2017 refi
18 September 2017

Yapi Kredi is out to banks with its second 2017 on-lending facility refinancing. The dollar and euro denominated deal will comprise one- and two-year ...

Citi announce new hires
18 September 2017

Citi’s London branch has announced its appointments for a new joint role within its EMEA Trade and Treasury Solutions (TTS) department. Peadar M...

Gunvor refinancing refinery borrowing base
18 September 2017

Gunvor is refinancing its Rotterdam and Antwerp refineries borrowing base. The trader signed a one-year $725 million financing in November 2016 w...

In depth

Under the microscope: South African mining's crisis management
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Under the microscope: South African mining's crisis management
Callum Burroughs
12 September 2017

A summer of discontent, replete with a credit downgrade, an opposed mining charter, and ongoing political problems, has hit South African debt markets. Miners seemed to have been particularly affected with deal appetite from commercial banks for mining projects looking slim as autumn approaches.

Sirajganj IPP: How long can Bangladesh tenors go?
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Sirajganj IPP: How long can Bangladesh tenors go?
Max Thompson
8 September 2017

Sembcorp has reached full financial close on a $309 million DFI-backed loan to finance the 414MW Sirajganj IPP. The deal is the longest tenor power financing in Bangladesh to date and includes a spate of firsts by the IFC.

Opinion

Song of the day

The Smashing Pumpkins
1979
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