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05 April 2018

PSD2: Big change – little consensus

The regulatory changes prompted by PSD2 represent an opportunity for corporate treasury to change the way they interact with their supply chain and customers, as well as...

12 March 2018
in
Infrastructure, Metals and Mining, Transport

The pits – but not for much longer

Lending demand from South Africa’s mining sector has been sluggish at best – a symptom of poor economic governance, a new mining charter verging on the absurd and the...

25 January 2018

Time for more Basel-friendly project loan CLOs?

The latest revisions to Basel III are generally good news for banks. But they’ll still have to do more to manage their project finance loan books.

28 November 2017
in
Oil & gas

Sorting Sonangol?

Despite a complete overhaul of management at Sonangol - most notably the removal of Isabel dos Santos as chairperson - the ongoing refinancing of the state-owned oil...

06 November 2017
in
Renewables

El Salvador PV: Keeping costs down

In anticipation of new renewable energy auctions for large-scale projects in December or January 2018, El Salvador has continued to progress in the project space despite...

26 October 2017

Local support in a global market

UK Export Finance (UKEF) has expanded its local currency offering – enabling more overseas buyers to buy UK and pay in locally denominated debt.

24 July 2017
in
Power, Transport

Interconnector Italia: Thinking outside the box

Interconnector Italia – a consortium of high-energy-use private sector companies in Italy – has signed a partially EIB-backed financing for its share of the Italy-France...

22 May 2017

Crown slips again: Noble trading ability hit by downgrade

Downgraded in the middle of major refinancings, Noble is looking at tighter covenants, a higher cost of debt for 2017 and a hit on its ability to trade competitively -...

11 May 2017

Latin American oil and gas: A Pemexican standoff?

Pemex kicked off 2017 with a record-breaking eurobond and the announcement of a halving of losses in 2016. The debt-ridden oil producer has even put in place an...

09 May 2017

Northland Power: Gemini and beyond

80bp saved on the margin and minimal costs compared to a new money refinancing, the restructuring of the Gemini offshore wind deal vindicates Northland Power’s original...

06 April 2017

Shop talk: ANZ turns up the Asian pipeline

Despite a sluggish 2016 in which Asian transaction activity was down on 2015, Paul Richards, global head of export finance at ANZ, is optimistic. The bank has already...

31 March 2017

Opinion: An evolving Trade Register is essential to trade finance

Olivier Paul - Head of Policy, the International Chamber of Commerce (ICC) Banking Commission - outlines the continuing value of ICC’s Trade Register project, its...

03 November 2016

Brazil bounces back as Temer tempers economic storm

Over the past two years, Brazil has suffered from its worst recession since the 1930s. However, since the appointment of conservative President Michel Temer, Latin...

23 September 2016

UK Polyhalite mine set to expand niche markets

The development of one of the world’s highest producing polyhalite mines in North Yorkshire, backed by commercial bank and Canada’s EDC financing could bring jobs and an...

02 September 2016

SMBC pays tribute to Turnbull as STCF is reorganised in London

SMBC has reorganised its structured trade and commodity finance (STCF) groups in London within its global trade finance department. As part of the reorganisation it is...

11 August 2016
in
Infrastructure, Oil & gas, Power, Renewables, Transport, Waste and water

Olympics gives Brazil some cover

Summer in the northern hemisphere is usually a slow period for export credit agency (ECA) and DFI-backed financing, but this year I can’t help noticing that it is one of...

09 August 2016

Trade impacts: Tracking the relationship between international monetary policy and global foreign policy

The 29th annual World Traders’ Tacitus Lecture was delivered this year by the former Deputy Governor of the Bank of England, Sir Paul Tucker, on ‘a new international...

19 July 2016

Export finance succession in place at HSBC

HSBC has set out its stall for the future leadership of its export finance department through a shake-up which sees new heads taking the business line forward.

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...

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...