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05 November 2013

New CFO appointed at tech-provider Trimble

Specialist positioning technology provider Trimble has appointed Francois Delepine as chief financial officer (CFO). Trimble integrates a wide range of positioning...

31 October 2013
in
Agri/Soft Commodities, Infrastructure, Manufacturing & equipment, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

KfW finances exports to Indian petrochem sector

KfW IPEX-Bank is providing a €55 million ($75 million) loan to finance German equipment supplies for the expansion of the petrochemical complex of Gail India Limited...

31 October 2013

New head of trade credit at Bluefin group

Stuart Grice has been appointed head of trade credit at Bluefin insurance group with immediate effect. Based in London, Grice will manage Bluefin's credit insurance team...

30 October 2013

Uralkali secures first ECA-backed facility

Uralkali, the Russian potash producer, has signed its first ever ECA-backed transaction. The $236 million (€171.4 million) financing will fund the construction of two...

29 October 2013

Strong exports fuel impressive US Ex-Im results

The Export-Import Bank of the United States (US Ex-Im) has contributed over $1 billion in revenues to the US Treasury for the fiscal year 2013. This revenue, generated...

29 October 2013

StanChart completes transaction under URBPO

Standard Chartered (StanChart) announced today that it has completed a trade finance transaction with the Bank Payment Obligation (BPO) under the Uniform Rules for BPO...

25 October 2013

ICC in Vienna: Taylor and Affaki step down

Several significant changes to the ICC Banking Commission executive committee were announced during October’s meeting in Vienna. Long time industry stalwarts, Dan Taylor...

24 October 2013

BPO: Concerns over regulation addressed

An update on the progress of the Bank Payment Obligation (BPO) was provided at the ICC Annual Meeting in Vienna, Austria. Questions flew in thick and fast from bankers...

24 October 2013

Factors Group appoints new chairman

Margrith Lütschg-Emmenegger has been name as the new chairman of the International Factors Group (IFG). Lütschg-Emmenegger, who is president at FIMBank in Malta, has...

22 October 2013

CDB and China Exim extend credit lines to VEB

China Development Bank (CDB) has agreed to provide facilities of up to $1.2 billion to Russian state-owned Vnesheconombank (VEB) during a regular meeting of Russian and...

21 October 2013

Atradius DSB expands financing pool

Atradius Dutch State Business (DSB), the export credit agency of the Netherlands, has announced that banks outside the OECD area are now eligible for export credit cover...

18 October 2013

Aviation Capital closes RCF

Aviation Capital Group (ACG) has closed a four-year, senior unsecured revolving credit facility of $850 million. The facility increases ACG’s committed revolving debt...

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.

15 October 2013

Zurich’s Daniel Riordan named Berne Union president

Daniel Riordan, CEO of Global Corporate, Zurich North America has been elected president of the Berne Union – the international association of export credit insurers. He...

11 October 2013

StanChart arranges cross-border RMB loan for Nokia

Standard Chartered Bank (StanChart) has successfully completed a RMB2.5 billion ($408.4 million) cross-border lending deal for the international mobile broadband...

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

Scotiabank rolls out first phase of CGI Trade360 platform

Canada’s Scotiabank has completed the Canadian rollout of CGI’s cloud-based, ‘software-as-a-service’ (SaaS) solution, CGI Trade360. The announcement was made at Sibos...

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...