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17 October 2013

Vitol attracts strong interest for latest RCF

Energy trading company Vitol has attracted strong interest from international banks resulting in the signing of its $7 billion revolving credit facility (RCF). These...

16 October 2013

Sullivan & Worcester opens its London office

US law firm Sullivan & Worcester opened its London offices today. This is the first office for the law firm outside of North America. The London office is located at...

16 October 2013

PSB dual currency syndication oversubscribed

Russia’s Promsvyazbank (PSB) has signed one-year, dual-tranche loan facility agreement with a syndicate of international banks, amounting to a total of $300 million.

14 October 2013

EBRD provides funds to Garanti and Yapi Kredi for SMEs

The European Bank for Reconstruction and Development (EBRD) is providing funds to Garanti Bank and Yapi Kredi of Turkey to help small and medium-sized company (SME)...

11 October 2013

Noble Energy success with mega credit facility

US-headquartered oil and gas exploration and development company, Noble Energy, has successfully arranged a new revolving credit facility (RCF) with a syndicate of...

11 October 2013

ABN AMRO targets Asian commodity SIP growth

ABN AMRO is targeting growth in commodity structured inventory products (SIP) in Asia-Pacific with the launch of its first dedicated desk in Singapore. The services will...

11 October 2013

PhosAgro opens trading arm in Singapore

Russian fertiliser producer PhosAgro has opened a trading arm in Singapore, opening of PhosAgro Asia, which will focus on sales of mineral fertilisers to countries in...

08 October 2013

Chilean ship company secures Korean export credit

Chilean shipping company Compania Sud Americana de Vapores (CSAV) has secured export credit financing with a consortium of banks and Korean agencies to support the...

07 October 2013

Sberbank and JBIC sign export credit financing agreement

Russia’s Sberbank has signed a general financing agreement with Japan Bank for International Cooperation (JBIC), under which financing amounting to $600 million will be...

03 October 2013

Ecom Agroindustrial signs revolver

Swiss-headquartered agri-trading company Ecom Agroindustrial has signed its latest revolving credit facility (RCF), originally launched in August (TXF News 12 August).

02 October 2013

Rusal appoints new CFO and reorganizes finance office

Russian aluminium producer Rusal has made changes in its finance directorate and appointed a new chief financial officer (CFO).

02 October 2013

ICBC provides first rand financing

The Industrial and Commercial Bank of China (ICBC) has provided more than ZAR180 million ($18.2 million) financing to a 27MW wind project near Nelson Mandela Bay, Eastern...

01 October 2013

US Ex-Im recruits Claudia Slacik for SVP export finance role

The Export-Import Bank of the United States (US Ex-Im) has recruited Claudia Slacik as chief banking officer and senior vice president for export finance. She joins US...

24 September 2013

HSBC recruits Bart Ras for global head role

HSBC has recruited Bart Ras to its ranks where he will have the title of global head of business development for the bank’s global trade and receivables finance (GTRF)...

23 September 2013

Gunvor closes financing for flagship Russian oil terminal

Energy trading company Gunvor has closed the $675 million long-term secured financing facility for the company’s flagship investment - the Ust Luga Oil Products Terminal...

20 September 2013

BNPP and KfW arrange Indonesian cement plant finance

BNP Paribas (BNPP) and KfW IPEX-Bank have arranged and signed export credit financing amounting to $98 million for the construction of the Tuban 2 cement plant in...

19 September 2013

India’s YES Bank success with dual currency facility

India’s YES Bank has successfully closed a loan facility equivalent to $255 million. The facility will be used for general corporate purposes and trade financing for the...

17 September 2013

Lloyds Bank teams with StanChart for Asian trade

The UK’s Lloyds Bank has signed a partnership agreement with Standard Chartered Bank (StanChart) to team in providing enhanced services to its clients importing from...

16 September 2013

Nedbank and Rand to fund New Liberty Gold

South African banks Nedbank and Rand Merchant Bank are to provide Aureus Mining with a $100 million debt financing package to develop its flagship New Liberty Gold...

13 September 2013

Bankers see plenty of choice for growth within EMEA

Despite turmoil in much of the Middle East, the EMEA region has a wealth of opportunities for growth in trade finance. TXF talks with Sameer Sehgal and Anurag Chaudhary...