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News
01 February 2017

Department for International Trade hires communications head

Toby Orr has been named as director of communications at the UK government's Department for International Trade. He said he would work to "devise an ambitious...

News
01 February 2017

Louis Dreyfus reveals successful euro bond launch

Louis Dreyfus, the Amsterdam-headquartered commodity trader, has announced a successful €400 million, five-year, senior bond transaction. BNP Paribas, Credit...

News
01 February 2017

Shell sells $4.7bn assets in fresh bid to cut debt

Royal Dutch Shell has sold fields in the North Sea and Thailand in a $4.7 billion move to reduce debt. The divestments include the sale of about half of its North Sea oil...

News
01 February 2017

Glencore challenges Trafigura by ramping up Russian oil

Swiss-based commodity giant Glencore has leapfrogged rival Trafigura to become the largest buyer of Russian Urals oil from Rosneft. Glencore last month bought a 19.5%...

News
01 February 2017

Thailand Exim reveals key export and trade strategies

The Export-Import Bank of Thailand (Thailand Exim) has announced six key strategies to implement its ten-year enterprise plan. They include expanding the export credit...

News
01 February 2017

DBJ helps finance New York thermal power project

The Development Bank of Japan (DBJ) has agreed to help finance a natural gas-fired thermal power generation project in New York through the project's operating...

News
01 February 2017

Coface improves Bulgaria's risk rating to A4

Global trade credit insurer Coface has upgraded Bulgaria's risk rating from B to A4. The rise is because of "moderate growth and the continued consolidation of...

Perspective
31 January 2017
in
Power

Fadhili CHP: Cheap debt but not what Aramco is used to

With a smaller-than-expected commercial bank tranche, the $1.05 billion partially ECA-backed debt package for the Fadhili CHP project demonstrates some of the collateral...

Perspective
31 January 2017

Locked out of the bank

WIth the costs associated with tighter bank regulation dampening the appetite of banks for SME business, and non-bank providers charging heavy margins, the beginnings of...

News
31 January 2017

Marie-Alexandra Veilleux-Laborie is EBRD Morocco director

The European Bank for Reconstruction and Development has appointed Marie-Alexandra Veilleux-Laborie as its new director for Morocco. She will be based in Casablanca and...

News
31 January 2017

China Exim finances $1.89bn stake in Israeli agro group

The Export-Import Bank of China (China Exim) has been advised by Scottish law firm MacRoberts on its $1.89 billion loan to China National Agrochemical Corporation to buy...

News
31 January 2017

QIIB to accelerate growth with Misys

The Qatar International Islamic Bank (QIIB) has chosen fintech group Misys' FusionBanking Essence Islamic solution in conjunction with FusionBanking Party Management...

News
31 January 2017

Metalloinvest results reveal record production levels

Metalloinvest, the Russian metals producer, has revealed its operational results for the final quarter of 2016 - reaching all-time high results in iron ore, pellets,...

News
31 January 2017

ADM sells Crop Risk Services business to Validus

US-headquartered commodity group Archer Daniels Midland (ADM) is set to sell its Crop Risk Services business to Bermuda-based Validus Holdings in a $127.5 million deal....

News
31 January 2017

Louis Dreyfus revives shelved euro bond plans

Amsterdam-headquartered commodity trader Louis Dreyfus looks set to test investor appetite for riskier debt this week, after its previous plans were thwarted by torrid...

News
31 January 2017

EBRD hires Janet Heckman as MD for SEMED region

Janet Heckman has been appointed the European Bank for Reconstruction and Development's (EBRD) new managing director for the southern and eastern Mediterranean...

Perspective
31 January 2017

Understanding the use of prepayments in commodity finance

For a producer, access to financing can result in the firm’s life or death. Financing comes in different shapes and forms depending on the company’s risk profile. Here,...

News
31 January 2017

Development banks boost finance for CIS projects by 130%

International development banks have increased their operations in Commonwealth of Independent States (CIS) nations by extending $4.4 billion in financing in the final...

Perspective
30 January 2017

Zarqa CCGT seals long tenor, well priced, DFI debt

On 15 January Acwa Power completed its first drawdown from its $370 million 19-year partially MIGA-covered financing for the construction of the 485MW Al Zarqa...

News
30 January 2017

Engie wins ECA-backed $1.2bn Saudi gas plant contract

France's Engie has been awarded the contract for a $1.2 billion project to build a combined-cycle gas power plant in Saudi Arabia. The Export-Import Bank of Korea and...