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27 March 2015

Saudi Aramco lands $10bn RCF

Saudi Arabian oil company Saudi Aramco has signed a $10 billion standby revolving credit facility (RCF) agreement with a club of 27 banks. The RCF replaces the existing...

26 March 2015

EDC finances construction of Hispasat satellite

Canadian export credit agency (ECA) Export Development Canada (EDC) has provided the Spanish satellite communications operator, Hispasat Group (Hispasat), with a €140...

26 March 2015

UK Treasury fines UKEF for off-payroll subcontracting

UK export credit agency UK Export Finance (UKEF) has been fined £500,000 by the Chief Secretary to the Treasury, Danny Alexander.

25 March 2015

Mizuho poaches Rand banker to head up Johannesburg office

Mizuho Bank has hired Moses Singo as the senior director of global trade finance in its Johannesburg office.

25 March 2015

SACE appoints first head of debt capital markets

Italian export credit agency (ECA) SACE has appointed Bernardo Attolico to head up its new debt capital markets division, aimed at developing services dedicated to...

24 March 2015

EDC and ICBK sign MoU to promote Canada as RMB hub

The Canadian export credit agency (ECA), Export Development Canada (EDC), has signed a memorandum of understanding (MoU) with the Canadian arm of the Industrial and...

24 March 2015

Bipartisan bill lays out terms for US Ex-Im reauthorisation

Democrat senator Joe Manchin and Republican counterpart Mark Kirk have published the ‘Export-Import Bank Reform and Reauthorisation Act of 2015’ – a bipartisan bill...

20 March 2015

Petro Rabigh seals $5 billion financing from Japanese-led consortium

The Rabigh Refining and Petrochemical Company (Petro Rabigh) has secured $5.168 billion worth of project financing for its integrated oil refinery and petrochemical plant...

20 March 2015

Honduras hydroelectric plant gets IADB and JICA backing

The Inter-American Development Bank (IADB) and the Japan International Cooperation Agency (JICA) are providing a $158.4 million financing package to Honduras for the...

20 March 2015

PrimeRevenue teams up with Supplier Success

PrimeRevenue – the global leader in financial supply chains has announced a new strategic partnership with Supplier Success, the Detroit-based company focused on...

20 March 2015

JBIC and SMBC co-finance local currency loan for Thailand’s CMTC

The Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) are co-financing a loan for Chiba Manufacturing Thailand Corporation...

19 March 2015

DFIs team up to finance Georgia’s Shuakhevi hydropower plant

The International Finance Corporation (IFC), the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) are coming together to...

19 March 2015

Otkritie, EXIAR team up for Russian SME exports

Otkritie FC Bank (Otkritie) – one of Russia’s largest privately-listed banks – has signed a cooperation agreement with the country’s export credit agency (ECA), the...

18 March 2015

Glencore has senior exec reshuffle

Luis Alvarez, the veteran global head of crude oil trading at commodities titan Glencore, has retired, leaving a hole in the trader’s senior operations management...

18 March 2015

KfW IPEX and BayernLB arrange Uruguay wind farm financing

The German state-owned bank, KfW IPEX-Bank, has teamed up with BayernLB to arrange a $224 million financing for the Pampa wind farm in Uruguay. Total investment cost of...

18 March 2015

Vitol veteran joins Cornerstone Global

Cornerstone Global Commodities (Cornerstone) – the global brokerage firm specialising in energy derivatives – has recruited Duncan Preston from Swiss-based commodity...

17 March 2015

Oceanic Breeze LNG project secures financing from JBIC, Mizuho and BTMU

The Oceanic Breeze LNG Transport (OBLT) project has secured $125 million worth of financing from a club of Japanese banks and the Japanese export credit agency (ECA), the...

17 March 2015

EBRD signs co-financing agreement with ATFP

The European Bank for Reconstruction and Development (EBRD) has signed an agreement with the Arab Trade Financing Programme (ATFP) to help encourage the expansion of...

16 March 2015

IsDB provides Egypt with $4 billion financing package

The Islamic Development Bank (IsDB) is providing Egypt with a $4 billion financing package in support of a selection of energy and infrastructure projects. The deals were...

12 March 2015

EDC provides credit facility for GNR Mexico

Canada’s export credit agency (ECA), Export Development Canada (EDC), is providing a $750,000 credit facility to the Mexican affiliate of Montreal-based GNR Technologies...