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02 September 2024

EDC issues $1.75bn bond with tight spread

Export Development Canada (EDC) appeared in dollars on Wednesday and printed on the shorter end of the curve with a $1.75 billion 3.75% September 2027 bond. Lead managers...

02 September 2024
in
Renewables

BNDES funds solar PV projects in Sao Paulo and Ceara

BNDES has approved financing totalling BRL1.14 billion (over $202 million) for two solar power generation projects in the states of Sao Paulo and Ceara.The projects by...

02 September 2024
in
Waste and water

Kexim funds Cambodian water treatment project

The Export-Import Bank of Korea is financing a new sewerage system in Kandal province, Cambodia.The project, being carried out by Cambodia's public works ministry and...

02 September 2024
in
Oil & gas

Turkey, Shell sign LNG supply deal in boost to gas hub plan

Turkey and Shell signed a ten-year LNG supply deal with an option to redirect shipments to Europe, the latest step in Ankara’s push to become a regional hub for the...

02 September 2024

Sinosure pens $400m insurance deal with NBU

Sinosure and Uzbek National Bank (NBU) have signed a $400 million cooperation framework agreement.Sinosure will provide insurance coverage under contracts for the supply...

02 September 2024

Too high a price

Africa pays a premium for its debt that in many instances it should not. Why the onerous debt costs? And what can be done about it without major systemic change?

02 September 2024

TXF export finance H1 data pt 2: New tech drives European deal flow

New asset classes are emerging as ECAs get smarter in how they extend to support, from EV gigafactories to mining deals. And developing markets are slowly becoming higher...

02 September 2024
in
Renewables

$40m pumped into US hydrogen refuelling projects

The US DOE is driving $40 million into four hydrogen refuelling projects as part of a wider $62 million funding package.Planned for New York, Connecticut, California and...

02 September 2024
in
Power

Elektro Ljubljana gets EIB funds for network upgrade

EIB is lending Slovenian electricity company Elektro Ljubljana €50 million (over $55 million) to expand and upgrade the power-distribution network in central and...

02 September 2024
in
Power

UK proposes £5.5bn subsidy for Sizewell C nuclear plant

Britain has unveiled a subsidy scheme worth up to £5.5 billion ($7.2 billion) to help support the Sizewell C nuclear plant being built by France's EDF in...

02 September 2024
in
Metals and Mining

Rio Tinto, BYD, LG Energy eligible for Altoandinos lithium project

Rio Tinto and Chinese EV-maker BYD are among the six companies eligible to proceed with proposals to develop a lithium project in Chile's Altoandinos salt flats,...

02 September 2024
in
Metals and Mining

Northam Platinum raises revolver to ZAR11.3bn

Northam Platinum has increased its existing revolving credit facility from ZAR10 billion to ZAR11.335 billion (about $633.7 million). The RCF matures in August 2027.As a...

02 September 2024
in
Metals and Mining

GM, Lithium Americas to delay $330m investment in Thacker Pass

Lithium Americas says that General Motors has agreed to delay an additional investment worth $330 million in the miner until the end of the year.The US automaker in...

02 September 2024
in
Agri/Soft Commodities

Agricultural Infrastructure Fund expanded

India's Union Cabinet has approved a significant expansion of the Agricultural Infrastructure Fund scheme.This decision introduces a series of measures designed to...

02 September 2024
in
Other

CAB partners Visa on emerging markets x-border payments

UK-based Crown Agents Bank is collaborating with Visa to power cross-border payments for clients in emerging markets, with a particular emphasis on streamlining...

02 September 2024
in
Metals and Mining

Teck restructures to support energy transition metals growth

Teck Resources has unveiled a new business structure to support its shift to a pure-play energy transition metals company.The new business structure organises Teck around...

02 September 2024
in
Metals and Mining

Kumba plans $428m investment in UHDMS technology

South Africa’s Kumba Iron Ore has approved an investment of ZAR7.6 billion ($428 million) in ultra-high-dense-media-separation technology at its Sishen mine.The...

30 August 2024

Panigrahi moves to Citi US from HK after two decades

Sumanta Panigrahi has moved to head up Americas export and agency, trade and working capital solutions at Citi in New York. He leaves his role in Citi Hong Kong after 21...

30 August 2024
in
Metals and Mining

US Ex-Im renews US Steel SCF guarantee

US Ex-Im has approved the renewal of a 90% guarantee of a $95 million purchase facility under its Supply Chain Finance Guarantee Program. The facility will be utilized by...

30 August 2024
in
Oil & gas

Oneok strikes $5.9bn EnLink, Medallion deal with GIP

Oneok executed a definitive agreement with Global Infrastructure Partners to acquire GIP's entire interest in EnLink Midstream. The deal includes 43% of EnLink's...