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20 June 2016

Seaborn CEO: Laying the foundations for subsea ECA support

On the sidelines of TXF's Export, Agency and Project Finance conference in Rome, Max Thompson caught up with the CEO of Seaborn Network, Larry Schwartz, to find out more...

15 June 2016

Year of risk takes its toll on export finance, survey reveals

At the beginning of 2016, the TXF-ICC Global Survey on Export Finance was carried out among more than 100 export financiers, ECAs, exporters and borrowers. TXF digest the...

13 June 2016

India’s Reliance on ECAs

During TXF’s Export, Agency and Project Finance conference in Rome last week, Max Thompson caught up with senior vice president of Reliance Industries Vineyesh Sawhney to...

07 June 2016

SMEs help EKN double number of guarantees in Q1

Increased demand from SMEs has Swedish ECA EKN double its number of guarantees in Q1 of 2016 compared to the first quarter of 2015.

06 June 2016

ECA borrower interview: Cambridge Industries

Samuel Alemayehu, managing director at Cambridge Industries, tells Ollie Gordon about the Africa-focused clean energy firm’s approach to ECA finance.

03 June 2016
in
Renewables

DFIs warn Egypt rule change will delay all renewable deals

Earlier last month, the Egyptian government tweaked its contract terms to exclude the option of international arbitration for financiers of renewable energy deals....

02 June 2016

Egypt signs consortium financing for new wind farm

Egypt has partnered with GDF Suez, Toyota and Orascom to build a 250 MW wind farm, the project is part of a government push to hit 4.3 giga watt (GW) of wind and solar...

01 June 2016

SACE reveals 91% rise in claims for Q1

Italian ECA SACE this week announced the value of claims hit €130.8 million in the first quarter results of 2016 - up 91% on the same period last year. SACE says the...

31 May 2016

Development agencies pledge $149m for Costa Rican wind projects

GME, Central America's leading wind energy company, has tapped three international development agencies, FMO, Proparco, and OeEB for $149 million in long-term financing...

30 May 2016

SACE boosts trade ties with Argentina announcing €700m in guarantees

Italian ECA SACE reopened its support of transactions with Argentina after the Italian undersecretary for development Ivan Scalfarotto last week announced guarantees for...

26 May 2016

Investors flock to Afreximbank's $750m record bond issue

Afreximbank closed a $750 million five-year bond last week after achieving an order book of $3.4 billion from 290 investors - the biggest ever book and largest trade...

25 May 2016

TXF Data Update: 59% drop in number of ECA deals in Q1 2016

The total number of ECA deals taking place in the first quarter of 2016 has more than halved compared to Q1 of 2015, while deal volume is down 12%. TXF's Q1 data clearly...

20 May 2016

ICIEC set to invest in Indonesia

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), part of the Islamic Development Bank Group (IsDB), is ready to invest in projects in...

19 May 2016

Aperam agrees $400m 'backup' borrowing base facility

The Luxembourg-based stainless-steel producer closed a $400 million borrowing base revolving credit facility in March, a month after Moody's upgraded the company to Ba1....

18 May 2016

Fitch downgrades struggling Noble

Fitch yesterday joined Moody's and Standard & Poor's in cutting Noble to "junk" status, as the commodities trader battles for liquidity.

17 May 2016

Petroleum Development Oman seeks $3bn PXF

Petroleum Development Oman, who traditionally rely on state funding, has turned to commercial banks for finance in the wake of lower oil prices, as the oil company seeks...

16 May 2016

İşbank breaks record for $1.4bn trade revolver

Turkey's largest private bank, İşbank, has increased the size of its annual revolving credit facility last week - a $1.4 billion syndicated loan with a record 47...

13 May 2016

IFC's Scaling Solar initiative set to brighten sub-Saharan Africa

Two out of three people lack access to electricity in sub-Saharan Africa, but a new initiative, Scaling Solar, rolled out this week by the World Bank group aims to bridge...

11 May 2016

Navig8 seals $130m K-sure-backed facility

The deal is indicative of how shipyards and shipbuilders are increasingly reliant on their buyers obtaining ECA-support to fill their order capacity while also...

10 May 2016

Euler Hermes backs Canada's wind revolution

Wind energy is the fastest growing source of electricity in Canada and is set to play a major role in the action plans of Québec's 2030 energy policy. The...