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07 November 2014

BPO ready to combine with eBL as both continue to grow

The Bank Payment Obligation (BPO) is ready to be combined with the electronic Bill of Lading (eBL) as the transition towards paperless trade gathers apace, delegates at...

07 November 2014

EIB provides first ever loan to Azerbaijan

The European Investment Bank (EIB) has signed a €25 million ($31.2 million) loan to promote small and medium enterprises (SMEs) in Azerbaijan.

07 November 2014

OW Bunker goes bankrupt amid alleged fraud in its Singapore subsidiary

OW Bunker, the Danish-owned, largest global independent marine fuel (bunker) company, has become bankrupt. The news has alarmed banks and traders alike.

06 November 2014

ANZ appoints CEO China and head of Greater China

ANZ has appointed Huang Xiaoguang as the bank’s new CEO for China. He will also serve in a wider capacity as ANZ’s head of Greater China, responsible for capturing trade...

31 October 2014

ECA financing roundtable: export finance in 2019 and beyond

A panel of industry experts explore the key issues impacting the export finance market now and in the future. Topics covered include the impact of Basel III on export...

24 October 2014

Berne Union and Prague Club come together for landmark meeting in London

Members of the Berne Union – International Union of Credit & Investment Insurers – came together in London this week for their annual general meeting (AGM). At the same...

24 October 2014

Michal Ron elected as new vice president of Berne Union

This week the Berne Union – the International Union of Credit & Investment Insurers – came together in London for their annual general meeting (AGM), which is also the...

21 October 2014

Scorpio Bulkers secures loans from DNB and Korean agencies

The Monaco and New York-based bulk shipper, Scorpio Bulkers, has secured a loan facility of up to $411.3 million from a group of financial institutions.

15 October 2014

Santander appoints Schulpen as global head of trade and working capital

Santander has appointed Rogier Schulpen as managing director and global head of trade and working capital solutions.

13 October 2014

Banks team with IFC for Indonesian HEP financing

International Finance Corporation (IFC) has acquired a minority equity stake in and provided a $280 million loan facility to Indonesian independent power producer PT...

10 October 2014

Entering a new era in commerce and finance

André Casterman, global head, corporate and supply chain markets, SWIFT, examines how rapidly digitisation is influencing the trade space.

10 October 2014

Lundin Mining secures financing for Chilean copper acquisition

Toronto-listed, Lundin Mining has struck an agreement with Freeport-McMoRan to purchase Freeport’s 80% ownership stake in the Candelaria/Ojos del Salado copper mining...

06 October 2014

RMB and agencies collaborate to finance landmark Ghanaian power plant

A number of European and African institutions have teamed together in a triple tranche, overall $900 million project financing to fund a gas fired power station in Tema,...

17 September 2014

CAMAC Energy closes new credit facility for Nigerian offshore oil

Houston-headquartered, crude oil development company, CAMAC Energy has entered into a new medium-term credit facility for the further development of its offshore licences...

15 September 2014

Indonesia’s Adaro Energy secures refi loan

Adaro Indonesia, a subsidiary of coal mining company Adaro Energy has secured a $1 billion loan. The funds will be used to refinance its maturing debt this year and...

10 September 2014

AfDB approves loans for vital infrastructure projects

The African Development Bank Group (AfDB) has approved three loans, totalling $256 million, in infrastructure, water, sanitation and health.

29 August 2014

Rabobank promotes Jan de Laat to CCO Africa

Rabobank International has promoted Jan de Laat to chief commercial officer (CCO), Africa.

29 August 2014

ING arranges financing for Thai Airways with US-Ex-Im cover

ING Capital has closed a 12-year US Ex-Im-guaranteed loan facility for the euro-equivalent of $497 million for Thai Airways International. The financing relates to the...

26 August 2014

Helping apitrade development in Ethiopia

In 2012, ProFound together with the Ethiopian Apiculture Board, SNV Ethiopia and Enclude (formerly Triodos-Facet) initiated the Apiculture Scaling-up Programme ASPIRE.

21 August 2014

Rusal fully completes refinancing

Rusal has completed the refinancing of its pre-export finance (PXF) facilities, with the amendment agreement signed 18 August becoming effective on 20 August 2014.