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09 October 2018

PIF prepares $45bn investment in Softbank's second Vision Fund

Saudi Arabia's Public Investment Fund is set to make another $45 billion investment in the second $100 billion SoftBank Group Corp Vision Fund. The investment...

09 October 2018

NIB lends €38m for infrastructure work in Norrtälje, Sweden

Nordic Investment Bank and the Swedish municipality of Norrtälje have signed a 25-year loan facility of SEK400 million (€38.28 million) to finance investments...

09 October 2018

Pakistan moves towards digital B2B payments

Business payments fintech firm Haball is collaborating with electronic trading platform 1Link and Pakistan's Meezan Bank to develop a digital B2B payments solution....

09 October 2018
in
Metals and Mining

Russia’s UMMC signs debut PXF

Ural Mining Metallurgical Company (UMMC), a Russian producer of copper, zinc and other precious metals, has signed a debut three-year €100 million pre-export finance...

09 October 2018

Pinsent Masons appoints infrastructure, energy expert as Middle East head

Pinsent Masons, an international law company which specialises in sectors such as energy, infrastructure, real estate and advanced manufacturing, has appointed Osama...

09 October 2018
in
Agri/Soft Commodities, Manufacturing & equipment

Suriname to enhance its agricultural sector with $30m IADB support

The Inter-American Development Bank (IADB) has agreed a $30 million package to increase agricultural productivity in Suriname through investments in infrastructure and...

09 October 2018

Asian Development Bank agrees $7.1bn deal with Pakistan

The Asian Development Bank will provide $7.1 billion to Pakistan to help the country achieve inclusive and sustainable growth. Wencai Zhang, vice president of the...

09 October 2018

ICC Banking Commission signs Trade Register partnership with Global Credit Data

The International Chamber of Commerce (ICC) Banking Commission has announced a long-term agreement with Global Credit Data (GCD) to strengthen analysis within the ICC...

09 October 2018
in
Infrastructure, Transport

Mandiri Syariah co-finances construction of Pasuruan-Probolinggo toll road

PT Bank Syariah Mandiri is co-financing the construction of the Pasuruan Regency-Probolinggo Regency toll road in Indonesia. Lenders, including Mandiri Syariah,...

09 October 2018

Development Bank of Ethiopia's bad loans reach high of 39.4%

Non-performing loans at the Development Bank of Ethiopia have increased from 25% to 39.4% in the past fiscal year. The figure is far higher than the standard set by the...

08 October 2018
in
Renewables

Northwester 2 prices inside 160bp

Sponsors of the €700 million ($803 million) 219MW Northwester 2 offshore wind project – Parkwind (70%) and Sumitomo Corporation (30%)...

08 October 2018
in
Infrastructure, Power, Waste and water

EWA appoints Al Dur 2 IWPP preferred bidder

Electricity and Water Authority (EWA) has awarded preferred bidder status for the Al Dur 2 IWPP project in Bahrain to a consortium comprising ACWA Power, Mitsui and Al...

08 October 2018
in
Metals and Mining

Vitol, Trafigura to bid for coal mines once owned by Guptas

Traders Vitol Group and Trafigura Group have entered the bidding process for South Africa's Optimum Coal, a miner under bankruptcy protection that was once controlled...

08 October 2018
in
Transport

Scorpio Bulkers: Commitment for new $90m loan facility

Monaco-headquartered Scorpio Bulkers has received a commitment from Nordea Bank Abp, acting through its New York branch, and DVB Bank SE for a loan facility of up to $90...

08 October 2018

HFW hires senior project finance partner Andrew Thomas

Law firm HFW has expanded its global energy practice with the hire of senior project finance partner Andrew Thomas, who joins the group's London office...

08 October 2018
in
Oil & gas

Northern Oil and Gas seals new $750m facility

Minnesota-based Northern Oil and Gas has closed an agreement with Royal Bank of Canada, as administrative agent, and a syndicate of lenders under a new $750 million first...

08 October 2018

Breathing new life into insuring trade with Toredo

When it takes the same amount of time to underwrite the risks of a power station as a letter of credit, something had to give. Chris Hall, Senior Underwriter, Liberty...

08 October 2018

KPMG and Agentis Capital form Canadian advisory alliance

KPMG in Canada together with infrastructure finance advisor Agentis Capital has announced a strategic alliance to provide multidisciplinary, end-to-end...

08 October 2018
in
Infrastructure, Transport

ARTC solicits interest in Gowrie to Kagaru rail PPP

Australian Rail Track Corp (ARTC) is inviting registrations of interest in a PPP for the design, financing and construction of the Gowrie–Kagaru section of the...

08 October 2018

Wissing joins Lloyds Bank global transaction banking team

Johanna Wissing has joined Lloyds Bank as director of global transaction banking (GTB) trade sales, based in London. Wissing joins after one year as director at Liquid X....