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17 June 2015

MIGA provides investment guarantees for Angolan steel plant

The Multilateral Investment Guarantee Agency (MIGA) has agreed to support Aceria de Angola’s (ADA’s) construction and operation of a greenfield 250,000 tons per year...

12 June 2015

Pricing not reflective of cost of funding for one third of banks

Pricing, cost of funding, capital markets, Basel III and the general future for the medium to long term (MLT) lending business continue to be high on the agenda for the...

12 June 2015

Infrastructure and Africa hold the biggest prospects for ECA finance

The top rated sectors for growth in export finance over the next two years are power and infrastructure, according to a poll of close to 300 executives at the recent TXF...

12 June 2015

Germany tops poll for ECA support

For the second year in a row Germany was voted as the country with the best export credit agency (ECA). This was during a poll completed by over 300 executives at the TXF...

12 June 2015

Russian ECA-backed business continues to see some activity

Despite the current sanctions environment, an industry poll at the recent TXF ECA Finance conference in Paris, suggested 25% of the audience had completed an ECA-backed...

11 June 2015

Macquarie appoint ECA-backed ship finance specialist

Macquarie Group have appointed Guido Musso as managing director for shipping and offshore, within its specialised investment solutions business. Musso is a respected...

11 June 2015

The emperor’s new clothes: banks and ECAs exposed

The TXF ECA Finance conference in Paris last week seemed the perfect place to update the market on the findings of the 2015 Exporter Survey. Over the past few months,...

10 June 2015

Mercuria v Citigroup: The issues and implications for the commodities market

Robert Parson and Jonathan Solomon, partners at leading law firm Reed Smith, take a look at the implications for the commodities market of the recent Mercuria v Citigroup...

09 June 2015

BPL Global targets German export market

BPL Global, the insurance broker, has secured the services of Peter von Guretzky-Cornitz as a representative for the business in Germany.

09 June 2015

Barclays expand trade team in Germany

Barclays Bank have appointed Christian Nehk as head of trade and working capital in Germany. Nehk joins the bank from Bank of America Merrill Lynch (BAML) where he worked...

02 June 2015

Berne Union members’ new business reaches close to $2 trillion in 2014

The Berne Union and the associated Prague Club have revealed that in 2014 members’ new business reached close to $2 trillion. The figures demonstrate the strong role the...

01 June 2015

Metals group AMG signs oversubscribed RCF

Amsterdam-headquartered Advanced Metallurgical Group (AMG) has entered into a new $320 million multi-currency term loan and revolving credit facility (RCF). The facility...

29 May 2015

ICC can rekindle banks’ contract with society

Deutsche Bank’s Daniel Schmand is the International Chamber of Commerce’s (ICC) Banking Commission new chairman. Here, he sets out his vision for the trade finance...

28 May 2015

ERC: connecting Ethiopia with a benchmark financing

BEST AFRICAN ECA FINANCE DEAL OF THE YEAR Ollie Gordon examines the details of ERC’s Awash-Weldia/Hara Gebeya Railway project in Ethiopia.

27 May 2015

Gunvor Singapore secures $912 million revolver

Commodity trading company Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has signed a $911.7 million syndicated revolving credit facility (RCF). The...

01 May 2015

88% claim US Ex-Im reauthorisation saga has had a negative impact

In a recent industry survey, respondents also told TXF they expect US Ex-Im Bank to be re-authorised, but saw German exporters as having the best ECA support

30 April 2015

NLMK Europe closes new working capital facility

Steel producer NLMK Europe Plate division, a part of NLMK Belgium Holdings group, has signed and closed a new working capital facility with four international banks.

27 April 2015

All creatures, great and small, welcomed in Washington

Although the emphasis was very much on SME business at the Export-Import Bank of the United States’s (US Ex-Im’s) annual conference in Washington DC last week, it was the...

22 April 2015

Docdex overhaul to streamline dispute resolution process

An overhaul of the ICC’s Docdex dispute resolution mechanism that will speed up, streamline and make more transparent the process has been launched at the ICC Banking...

22 April 2015

Schmand to take helm at ICC Banking Commission

The International Chamber of Commerce, the world’s largest business organisation, has today named Deutsche Bank’s Daniel Schmand as the new chair of its Banking...