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23 March 2016

Frackers draw down reserve-based loans in latest sign of distress

US shale producers have maxed out their reserve-based loans in a sign of impending bankruptcies, but lenders can expect good recoveries from these, while some frackers...

22 March 2016
in
Oil & gas

DOF Brasil swims against tide for Norwegian export credit

Despite the fall in crude oil prices having taken its toll on demand for offshore vessels over the past year, DOF Brasil recently signed a loan agreement with Norway’s...

21 March 2016

Rusal restructures debt...again

Banks are in talks with Russian aluminium giant Rusal as it restructures and refinances its debt once more amid depressed aluminium prices and a global glut

21 March 2016
in
Renewables

JBIC rides wave of North Sea wind projects

In an industry braced for change, JBIC continues a move into offshore wind with a joint €443 million refinancing on Holland's Luchterduinen wind farm.

18 March 2016

Bleak outlook for Brazilian exporters and importers

The state of trade, commodity and export finance in Brazil: special correspondent Luis Waldmann looks at the avenues that Brazilian exporters have for export, commodity...

11 March 2016
in
Oil & gas

Gazprom agrees 2 billion euro Chinese bilateral loan

In a move which demonstrates the tightening of Russian ties with Chinese financing, Gazprom accessed its biggest ever loan from a private Chinese lender, signing 2...

10 March 2016

KazMunaiGas crashes prepayment party to improve debt profile

Kazakhstan’s state-owned KazMunaiGas is closing a $3 billion prepayment deal with commodities trader Vitol for crude shipments, in an effort to increase liquidity in...

09 March 2016
in
Infrastructure, Transport

Iran signs first post-sanctions ECA deal with India Exim

The Export-Import Bank of India (India Exim) last month signed a $150 million line of credit with Iran's Bank of Industry and Mine to finance rail upgrades in Iran. The...

02 March 2016

US Exim inches closer to quorum following Shelby’s primary victory

US Exim could be one step closer to being able to fully supporting US exporters following Senator Shelby’s recent victory at the Alabama Primary.

02 March 2016
in
Metals and Mining

Glencore's revolver and results paint brighter picture for trader

Glencore plans to ramp up debt reduction, cutting net debt to $17 billion-$18 billion by the end of this year, as it announced big losses in its annual results. The news...

17 February 2016

Japan diversifies energy sources with US LNG investment

Japan has become the world's largest liquefied natural gas (LNG) importer as it diversifies away from nuclear power. A recent deal between Japanese export credit agency...

17 February 2016

‘Disappointing’ trade figures cast doubt on UK export strategy

Despite offering new products and services to exporters, the British government is struggling to combat the country’s record £125 billion trade gap.

16 February 2016

Nokia leans on Finnvera for global expansion plans

Nokia — Finland’s premier telecoms company — is in the process of finalising its takeover of France’s Alcatel-Lucent in a $16.6 billion deal that will propel the ailing...

12 February 2016

Lundin signs Europe’s largest reserve-based loan

As oil prices reached 12-year lows with wide-ranging consequences for the petroleum industry, Lundin Petroleum (Lundin) sealed the largest-ever reserve-based lending deal...

03 February 2016
in
Infrastructure, Oil & gas, Power, Transport, Waste and water

What will higher rates mean for new project financings?

Higher base rates are likely to drastically change the economics for project and infrastructure financings. TXF argues that both debt and equity yields on projects could...

28 January 2016
in
Telecoms and Communications

Telefonica feeds multinational procurement plans with catch-all ECA deal

Telefonica has tapped the export finance market for an innovative, catch-all facility to finance the mass procurement plans of its global subsidiaries. The Spanish...

27 January 2016

Barclays sheds entire London ECA team

UK bank Barclays made its entire London export finance team redundant last Friday, 22 January 2016, amid a wider cull of the bank’s investment banking division.

21 January 2016

RCC taps Germany’s shipping CIRR for $1.54bn ECA deal

Germany is one of the world's top five shipbuilders, and in recent years Angela Merkel’s government has been looking at a number of ways to push the nation up that table.

19 January 2016

UKEF debuts GE agreement with $500m Petrobras deal

Inaugurating its recent financing agreement with US multinational industrial conglomerate General Electric (GE), Britain's export credit agency UK Export Finance (UKEF)...

01 January 2016

MIGA provides guarantee for Sirajganj 2 power plant in Bangladesh

The Multilateral Investment Guarantee Agency (MIGA) is providing guarantees to back loans by Standard Chartered Bank and Siemens Bank to North-West Power Generation...