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Perspective
14 August 2015

New report shows Asian corporates increasing use of receivables financing

According to a new research report from East & Partners Asia (E&P Asia), international and regional banks have a major opportunity to exploit the trade finance needs of...

Perspective
13 August 2015

Akbank signs accordion option to increase term loan to $335 million

Turkey’s Akbank has signed the accordion option of its $275 million three-year term loan facility that it originally agreed to in early July. The addition of the...

Perspective
13 August 2015

PGNiG Upstream International secures $400 million financing

PGNiG Upstream International (PUI), a subsidiary of Polish oil and gas group PGNiG, has signed a $400 million credit facility agreement with eight international banks....

Perspective
13 August 2015
in
Transport

CIT signs $32 million credit facility with Norstar Tankers

CIT Group, a leading transportation finance company, has today announced that CIT Maritime Finance has arranged a $32 million senior secured credit facility to Norstar...

Perspective
12 August 2015

Turkey’s Tofas signs ECA financing with HSBC and ING

Turkish automaker Tofaş Türk Otomobil Fabrikasi (Tofas) has signed a €200 million ($222 million) export credit financing with HSBC, ING. Italian export credit agency SACE...

News
12 August 2015

Glencore leads mining slump as metals tumble on yuan devaluation

Glencore and Fortescue Metals Group led a global slump in mining shares on concern China’s devaluation of the yuan will sap demand for commodities. Glencore, the...

News
12 August 2015

UK government to remove invoice finance limitations

The UK government is set to ban anti-invoice finance terms and restrictive clauses in contracts that prevent businesses from gaining invoice finance. These measures...

News
12 August 2015

KDB, Kexim struggle with mounting bad loans

South Korea’s two policy lenders, Korea Development Bank and the Export-Import Bank of Korea, have shouldered massive bad loans, estimated at 5.5 trillion won...

News
12 August 2015

Alvean looks to Bolero for digitised sugar transaction

Alvean Sugar and Lantic have successfully completed a shipment using Bolero’s cloud-based messaging services in an industry first for the commodity type - the...

Perspective
11 August 2015

HSBC appoints new head of trade in Australia

HSBC has appointed Rohit Garg as the new head of global trade and receivables finance (GTRF) in Australia. He will be based in Sydney.

News
11 August 2015

Glencore's trading profit at risk from rout in commodities

Glencore’s trading business is at risk of missing its earnings target for this year, if analyst estimates and historical precedent are any guide. The...

News
11 August 2015

Afreximbank to provide foreign exchange liquidity support for Ghanaian imports

The African Export-Import Bank (Afreximbank) has announced a proposal to introduce foreign exchange swap arrangements aimed at advancing the availability of foreign...

News
11 August 2015

NIB finances Wärtsilä's acquisition of L-3 Marine Systems International

The Nordic Investment Bank and Finnland's Wärtsilä Corporation have agreed on a seven-year loan totalling €100 million to finance the acquisition of...

Perspective
11 August 2015

Strong takes up the reigns as head of CPS Risk at JLT in Chicago

Matthew Strong has moved from the Jardine Lloyd Thompson Group (JLT) offices in London to take up his new position as head of the credit, political and security (CPS)...

Perspective
10 August 2015
in
Oil & gas

Gazprom Marketing and Trading secures $500 million RCF

Gazprom’s UK-based subsidiary, Gazprom Marketing & Trading (GM&T) has signed a 364-day $500 million syndicated revolving credit facility (RCF).

Perspective
10 August 2015

Noble looks to reassure investors with independent PwC reports

Hong Kong-headquartered, commodity trading house Noble Group has today made public the conclusions and results of the PricewaterhouseCoopers (PwC) review of Noble's...

News
10 August 2015

EBRD finances Coca-Cola bottling plant in Tajikistan

The EBRD is providing finance for a new soft drinks bottling plant in Tajikistan with an investment that will help reduce imports, increase domestic production and...

News
10 August 2015

ICC calls for harmonized non-preferential rules of origin

The International Chamber of Commerce (ICC) is calling on countries to stop rolling out unilateral non-preferential rules of origin and encouraging them to conclude...

News
10 August 2015

Cargill unveils first loss in 14 years

David MacLennan, the Cargill chief executive, has said that the agribusiness giant was "focused on improving profitability" after a technological hiccup and...

News
10 August 2015
in
Metals and Mining, Power, Transport

Zambia's Maamba coal-fired plant closes financing

Details have emerged on the $515 million limited-recourse debt package backing the 300MW Maamba coal-fired power plant and associated mine refurbishment in...