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09 December 2013

Gunvor signs oversubscribed RCF

Gunvor Group has signed a $1.515 billion revolving credit facility (RCF) for joint borrowers Gunvor International BV and Gunvor SA in a syndication which saw heavy...

09 December 2013

Russian Copper Company successfully closes PXF

Russkaya Mednaya Kompaniya (Russia Copper Company – RCC) has successfully closed its $250 million pre-export finance (PXF) facility. The facility is a five-year,...

06 December 2013

Russian power sector gets EBRD local currency loan

Russia’ power sector is to get a major boost with a 12-year, €100 million ($136 million) loan from the European Bank for Reconstruction and Development (EBRD)to assist...

06 December 2013

Mechel arranges covenant holidays with lenders

Russian mining and metals company, Mechel, has agreed terms for covenant holidays with a group of international lenders and separately in relation to bilateral credit...

05 December 2013

US Ex-Im provides direct loan for Turkish Star refinery

The Export-Import Bank of the United States (US Ex-Im) has come up with one of its largest direct loans to date under its direct lending programme – a $640.7 million...

04 December 2013

China’s RMB overtakes euro as second most-used trade finance currency

According to the Society for Worldwide International Financial Telecommunication (SWIFT), China’s renminbi (RMB) overtook the euro as the world’s second most-used trade...

04 December 2013

GE Hungary exports to Russia get Sberbank and Mehib backing

Russia’s Sberbank has signed its first export credit transaction with the Export-Import Bank of Hungary (Hungarian Exim), allowing for the export of...

03 December 2013

Gazprombank finances PDVSA Venezuelan JV

Russia’s Gazprombank has agreed to provide financing to an oil producing joint venture with Petróleos de Venezuela (PDVSA), the state-owned Venezuelan oil and natural gas...

03 December 2013

Kexim provides first ship bond to help local firms

The Export-Import Bank of Korea (Kexim) has agreed to provide a ship bond guarantee to help ship financing to a local shipping company - Sinokor Petrochemical. This is...

02 December 2013

ACWA Power signs financing for Rabigh 2 project

A consortium led by ACWA Power International has signed the financing agreements for the 2060MW Rabigh 2 independent power project (R2IPP) power project in Saudi Arabia.

02 December 2013

BAML launches new trade products for Brazil

Bank of America Merrill Lynch (BAML) has launched new transaction service capabilities for clients doing business in Brazil. The products are designed to help companies...

29 November 2013

Agencies back Jordanian Tafila wind farm project

Development finance institutions (DFIs) have teamed to provide financing support amounting to $220 million for the first large-scale renewable energy IPP in Jordan, the...

29 November 2013

Indonesia’s Pelindo gets financing for Konecrane imports

Indonesian state-owned port operator PT Pelabuhan Indonesia III (Pelindo III) has secured export credit agency-backed financing for the purchase of shipyard cranes from...

28 November 2013

StanChart arranges loan for Chinese wastewater plant

Standard Chartered (StanChart) has structured and closed a S$45 million ($35.8 million) senior debt facility for United Envirotech Water (Changyi) Company (UE Water) to...

28 November 2013

Russia’s Inter RAO gets power loan from EBRD

Russia’s Inter RAO group is to receive funds from the European Bank for Reconstruction and Development (EBRD) to construct a gas-fired power station in Russia’s...

27 November 2013

US Ex-Im provides direct loan for Costa Rican wind project

The Export-Import Bank of the United States (Ex-Im Bank) has approved a $61.1 million direct loan to Inversiones Eolicas de Orosi Dos (Orosi) to support the export of...

26 November 2013

Mercuria signs Asian revolver

Mercuria Energy Trading and Mercuria Asia Group Holdings have signed, as joint borrowers, the group’s latest Asian-centred revolving credit facilities (RCF) finalised at...

26 November 2013

Russian-Italian investment platform launches

The Russian Direct Investment Fund (RDIF) and Fondo Strategico Italiano (FSI) today signed a landmark agreement to establish a €1 billion ($1.36 billion) Russian-Italian...

25 November 2013

Chilean Antucoya copper mine financing revealed

Full details of the Chilean Antucoya copper mine financing have been revealed with commercial banks declaring their takes in the $650 million project financing.

22 November 2013

Rio Tinto signs refinancing facilities

Rio Tinto, the world’s second largest mining company has signed new loan facilities amounting to $7.5 billion to refinance its existing bank debt. The new loan...