EDC lends Volkswagen €400m to expand North American operations
Canadian export credit agency (ECA) Export Development Canada (EDC) has announced the financing of €400 million ($433 million) to Germany’s Volkswagen Group.
Canadian export credit agency (ECA) Export Development Canada (EDC) has announced the financing of €400 million ($433 million) to Germany’s Volkswagen Group.
The People’s Bank of China, the country’s central bank, will allocate $62 billion of its foreign exchange reserves to the Export-Import Bank of China (China Exim) and...
The government of Georgia has awarded Italian export credit agency (ECA) Sace with an advisory contract to start up a new ECA for the Black Sea state.
The African Development Bank (AfDB) has approved an unfunded $40 million Risk Participation Agreement (RPA) with Banco Santander (Santander).
Commodities powerhouse Trafigura Beheer BV (Trafigura) has successfully priced a €550 million bond issue under the company’s European Medium Term Note (EMTN) programme,...
The government of Mongolia and the Multilateral Investment Guarantee Agency (MIGA) have signed a legal agreement that will enhance MIGA’s ability to insure foreign direct...
The European Bank for Reconstruction and Development (EBRD) has provided a $10 million trade facility to Capital Bank (CB) Jordan under the development bank’s Trade...
The government of Dubai has revealed a collaboration with Citi that will introduce a new supply chain finance mechanism to government suppliers and provide financial...
The International Chamber of Commerce (ICC) Austria is hosting its annual International Trade Finance Week 2015 from June 8-12 this year in Vienna. The rapidly-growing...
International law firm Holman Fenwick Willan (HFW) has boosted its commodities practice with the recruitment of Marc Weisberger, who has joins the firm world as a...
ING Bank is providing Singapore-based shipping company Quantum Pacific Shipping with a $344.7 million loan, which will be backed by Korean export credit agency (ECA)...
A federal US judge has thrown out a long-held suit – led by domestic airline Delta Airlines – against the US export credit agency (ECA), the Export-Import Bank of the...
ABN AMRO has strengthened the sector focus of its energy, commodities & transportation (ECT) clients business with the appointment of Albena Vassileva. She has the title...
Democrat senator Joe Manchin and Republican counterpart Mark Kirk have published the ‘Export-Import Bank Reform and Reauthorisation Act of 2015’ – a bipartisan bill...
The Norwegian export credit agency GIEK has issued a buyer credit guarantee of NOK123.4 million ($14.9 million) for the long-term post financing of the platform supply...
Denmark’s Spar Nord Bank has adopted MIT’s front-to-back trade finance platform in a bid to refresh its operational processes.
Simon Jones, head of structured export finance (SEF), Asia Pacific, is leaving ANZ in order to return to the UK. Steven Mulder, who has been promoted to head of South and...
Seaborn Networks (Seaborn) and Natixis have announced the closing of the debt financing for Seabras-1, the new subsea fibre optic cable system between the commercial and...
Biosev, the Brazilian sugar and ethanol arm of French commodity trading firm Louis Dreyfus, has signed a loan with an international bank group, designed to increase its...
HSBC has strengthened its global trade and receivables finance (GTRF) team with two senior appointments.
Seung-Hoon Lee is now head of Export-Import Bank of Korea (Kexim’s) investment finance team, having recently been director of the new development finance team in the agency’s economic development promotion department. He discusses the agency’s new emphasis on direct equity investment in companies and project funds. How will this affect its longer term finance offering, support export credit, and also its development finance strategy?