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Perspective
20 August 2015

Turkey’s TEB secures $613 million for trade onlending

Türk Ekonomi Bankasi (TEB) has secured a total of $613.5 million in loans through an international syndicate comprised of 33 banks. The proceeds will be used by the...

Perspective
20 August 2015

SACE tops ECA table, as big-hitters see slowdown

In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table in the first...

News
20 August 2015

essDOCS releases CargoDocs for Barges 15.4

essDOCS has just released its latest version of CargoDocs for Barges, featuring major improvements in functionality, accessibility and ease of use for Traders,...

News
20 August 2015

ADB issues $2bn global benchmark bond

The Asian Development Bank (ADB) returned to the US dollar bond market yesterday with the pricing of a $2 billion, five-year global benchmark bond issue, proceeds of...

News
20 August 2015

US activist ups Glencore stake to £1bn on eve of results

One of America’s most influential activist investors raised its stake in FTSE 100 mining giant Glencore on the eve of results that showed sharply lower profits...

News
20 August 2015

NIB finances gas pipeline in Lithuania

The Nordic Investment Bank and Lithuanian gas transmission system operator Amber Grid have signed a €32 million loan agreement for the construction of the...

Perspective
19 August 2015

Simon Jones joins TD Securities as EMEA head of export finance

Simon Jones has joined TD Securities as head of export & agency finance for the Europe, Middle East and Africa (EMEA) regions. He will be based in London.

News
19 August 2015

Singapore's Jurong Aromatics said in debt talks after oil plunge

Jurong Aromatics Corp, the operator of one of the world’s largest petrochemical plants, can’t service its interest payments and is negotiating a debt...

News
19 August 2015

Glencore's half-year earnings fall, sees lower capex next year

Miner and commodities trader Glencore posted a 29% fall in first-half earnings on Wednesday on sliding metal and oil prices and said capital spending next year was...

Perspective
19 August 2015

Banco ABC Brasil secures $200 million loan

Banco ABC Brasil acting thorough its Cayman Islands Branch, has successfully closed a $200 million syndicated term loan facility. The funds will be used for general...

Perspective
18 August 2015

Deutsche Bank provides $30 million structured loan to Huawei in Indonesia

Deutsche Bank has arranged and provided a $30 million structured trade finance facility to Huawei Tech Investment in Indonesia, a wholly-owned subsidiary of the Chinese...

Perspective
18 August 2015

Wells Fargo makes hire to lead European push of supply chain finance

Wells Fargo Capital Finance, part of Wells Fargo & Company has appointed Nick Lawrence as managing director for supply chain finance as it finalises the build out of its...

Perspective
18 August 2015

Sovereign financings see Middle East reign in export finance

The Middle East was the top destination for export finance in the first half of the year, surging 18% year-on-year – TXF’s H1 Export Finance Report revealed this week.

Perspective
18 August 2015

Credit insurer Euler Hermes launches Euler Hermes Energy in North American market

International credit insurance company Euler Hermes has launched a new division - Euler Hermes Energy. The new division will be North American-based and focus on...

News
18 August 2015

Can Ivan Glasenberg dig Glencore out of trouble this time?

Shares in the London-listed commodities trading and mining conglomerate Glencore were hacked down to a record low ahead of what are expected to be weak half-year...

News
18 August 2015

NIB launches new lending facility with Finnfund

The Nordic Investment Bank (NIB) and the Finnish Fund for Industrial Cooperation (Finnfund) have signed a ten-year loan totalling $40 million (€36 million) for...

Perspective
18 August 2015

Syndication launched on $125 million loan for United Arab Bank

General syndication has been launched today for a $125 million term loan for United Arab Bank (UAB). The facility will be used by UAB for general corporate purposes,...

Perspective
18 August 2015

London Forfaiting joins UKEF bond support scheme

London Forfaiting Company (LFC) has joined the UK Export Finance (UKEF) bond support scheme. The scheme helps UK firms access government support for export-related bonds.

Perspective
17 August 2015

Breaking down barriers

Global trade growth built up expectations with a healthy recovery following the crisis, but it has since relapsed to a snail-like pace of advancement. Despite their...

Perspective
17 August 2015
in
Transport

Transport trumps energy for export finance

Transport has wrestled energy off its throne as the leading sector for export finance in the first half of 2015 – TXF’s H1 Export Finance Report revealed this week.