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05 October 2018

NIB and Landsbankinn agree fresh SME financing loan

Nordic Investment Bank and Iceland's Landsbankinn hf. have signed a third loan programme to finance small and medium-sized enterprises and environmental projects in...

05 October 2018
in
Metals and Mining

KfW IPEX to provide $73m loan for Almonty's Sangdong tungsten mine

Germany's KfW IPEX-Bank is to provide a US$73 million project finance loan to Almonty Industries for the company's Sangdong tungsten mine in Gangwon Province,...

05 October 2018

Blockchain platform Envoy unveils token sale details

Decentralized trade finance marketplace Envoy has announced details of its token sale ahead of the launch of a new platform. Founder and CEO Lee Tarone said: "We...

05 October 2018

KUKE: Tomasz Ślagórski appointed VP of the board

Tomasz Ślagórski has been appointed Vice-President of the Board of Polish export credit agency KUKE. He joined KUKE in 2001 and, prior to being appointed as...

05 October 2018
in
Infrastructure, Oil & gas, Power, Waste and water

Oman Oil and Gulf Energy sign partnership agreement for Duqm IPWP

Oman Oil Company and Thailand-based Gulf Energy Development have signed an agreement to develop a 326MW gas-fired power project with a water generation capacity of 1,667...

05 October 2018

SWIFT community migrate to ISO 20022 for payments traffic

The SWIFT Board has recommended a migration of payments traffic to ISO 20022, starting November 2021, following a large scale industry consultation. SWIFT launched a...

05 October 2018
in
Oil & gas

Yangarra increases syndicated credit facility to C$175m

Canada-headquartered oil and gas group Yangarra Resources has completed its semiannual redetermination of borrowing base, raising the syndicated senior credit facility to...

05 October 2018
in
Oil & gas

Kazakhstan settles dispute with oil companies

The Government of Kazakhstan has settled the dispute over the the calculation of payments it will receive for the Karachaganak oil and gas project. The project...

05 October 2018
in
Infrastructure, Transport

ADB provides $180m to improve Nepal's main East–West Highway

The Asian Development Bank (ADB) has approved a loan of $180 million to support improvements to Nepal's East-West Highway, the country's main domestic and...

05 October 2018

Vnesheconombank: Daniil Algulyan named deputy chairman

Daniil Algulyan has been appointed deputy chairman of Russian development bank Vnesheconombank. He will be responsible for building Vnesheconombank's product line-up,...

04 October 2018

Trafigura closes $1.945bn-equivalent facilities

Trafigura Pte has closed new syndicated revolving credit and term loan facilities totalling $1.945 billion-equivalent. The loans were oversubscribed...

04 October 2018
in
Transport

Pacific International Lines, IBM unite in blockchain trial

Singapore's largest privately-owned shipping line, Pacific International Lines (PIL), has teamed up with IBM in another initiative to digitalise supply chain...

04 October 2018

FireEye warns of North Korea bank cyberattacks via SWIFT

A new report from cybersecurity experts at FireEye claims a North Korea-led cyber campaign has swindled banks of hundreds of millions of dollars since 2014, and continues...

04 October 2018
in
Metals and Mining

Shop talk: Bespoke CPRI insurance for Gerald Metals

Robert Frank, global head for insurance and risk mitigation at Gerald Metals, spoke to TXF about the CPRI market, the digitisation myth and how having multiple brokers...

04 October 2018
in
Oil & gas

Fresh blow for emerging markets as rising oil hits importers

Higher oil prices have for years stoked gains in emerging-market currencies. But now, Brent crude's rally to a four-year high is beginning to hurt them. Crude-oil...

04 October 2018
in
Oil & gas

Lukoil CEO: Litasco sale on hold due to sanctions

Lukoil, Russia's second biggest oil producer, has put on hold its plans to sell trading arm Litasco due to sanctions, Chief Executive Officer Vagit Alekperov was...

04 October 2018
in
Renewables

OMERS closes on Commodore Leeward acquisition facility

Canadian pension fund OMERS Infrastructure Management reached financial close on the $402.9 million debt backing its acquisition of the Commodore Leeward Wind portfolio...

04 October 2018

IPIC and MDC plan to reorganise $6bn debt

Mubadala Investment Company is seeking to reorganise about $6 billion of debt following the merger of Abu Dhabi’s state investor International Petroleum Investment...

04 October 2018
in
Telecoms and Communications

Ten bidders interested in Altice's French broadband business

Telecoms and cable group Altice Europe has received interest from ten bidders for a stake in its French fibre broadband business. Altice is looking to sell 40-60% of a...

04 October 2018
in
Power, Renewables

Alstom completes transfer of 3 energy JVs to GE in £3bn deal

Alstom has completed the transfer of all its interests in three renewables, grid and nuclear joint ventures to General Electric for €2.594 billion...