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03 October 2017

Finnvera issues $1bn bond

Finnish export credit agency Finnvera has issued a $1 billion three-year bond. The subscriptions rose to about $1.6 billion. It represents Finnvera's largest US dollar...

03 October 2017

ModulTrade launches token pre-sale to open global trade for SMEs

London-based trade finance blockchain group ModulTrade is offering a new digital trade concept, to allow small businesses from around the world to trade efficiently,...

03 October 2017

VEB: Fitch upgrades rating

Fitch Ratings has upgraded the long-term issuer default rating for Russia's Vnesheconombank (VEB) from stable to positive. VEB's long-term rating was affirmed at...

03 October 2017

BFS provides £1m funding to Eyeworks Industries

Bibby Financial Services (BFS) has agreed £1million in funding to Eyeworks Industries, an eyewear manufacturer and distributor whose operations are based in China....

03 October 2017

Corporate treasurers keen to experiment with digital payments

Corporate treasurers are hungry for information about digital payments, including guidance from their banks and the sharing of knowledge with their peers, according to...

03 October 2017

SMEs see FX moves as biggest barrier to global trade

SMEs see currency fluctuations as their biggest barrier to trading internationally, and the current US political situation, Brexit and conflict, war or terrorism as the...

03 October 2017

Seven Stars Cloud readies blockchain platform

China-based Seven Stars Cloud Group will launch in Q4 an asset-backed securitisation, tokenisation and exchange platform (ABST) that it says will use artificial...

03 October 2017

Consortium of advisers selected for Saudi sanitation PPP

A consortium led by financial consultant Mizuho Bank, legal consultant White & Case and infrastructure consultant Atkins has been mandated to advise on the...

03 October 2017

Blankenburg Tunnel contract appealed

Losing consortium BBV24 - comprising VolkerWessels, Boskalis and BAM - is appealing the award of the €1.2 billion contract for the Blankenburg...

03 October 2017

France's Worldline raises targets as acquisitions pay off

France's Worldline has raised its revenue and profitability targets for 2017-2019, crediting the impact of recent acquisitions. The payments company bought Digital...

03 October 2017

Petronas to sell 50% stake in polymers unit to Saudi Aramco

Malaysian government-owned oil and gas company Petronas is to share the risk for an oil refinery and petrochemical project planned for the southern state of Johor in...

03 October 2017

ACME Solar files IPO papers

Indian PV developer ACME Solar Holdings has filed its preliminary papers, with the market regulator SEBI looking to raise $335 million through an initial public offering....

02 October 2017
in
Power

Rabigh 3 IWP prequal launched

Saudi’s Water & Electricity Company (WEC) has launched prequalification for the Rabigh 3 independent water project (IWP). The DBFO concession is for a 600,000...

02 October 2017
in
Renewables

Opportunity of the day: ZheFu Holding raises $1.67bn for Indonesia hydro project

ZheFu Holding Group has secured funding for its planned hydropower project in Sumatra, Indonesia. Sinosure and a private placement have funded large...

02 October 2017

Digitisation of receivables: In the spotlight at ITFA Edinburgh meeting

One of the many hot topics under the spotlight at the ITFA annual conference, this year held in Edinburgh, was the subject of digitisation and standardisation of...

02 October 2017
in
Oil & gas

Socar Trading closes on $300m despite parent downgrade

Switzerland-based Azeri light crude trader Socar Trading has signed a $300 million one-year loan – $100 million more than the initial $200 million sought, and...

02 October 2017
in
Oil & gas

Sea Lion: Premier and Rockhopper take a different approach

Rockhopper and Premier Oil, the independent operators of the Sea Lion oil field offshore the Falkland Islands, have approached UKEF for a direct loan. Why don’t more...

02 October 2017

Kexim backs Senegalese seafood exporters

Kexim is providing a $10 million loan to the government of Senegal to support Senegalese seafood exporters. The funding will be used to develop infrastructure for...

02 October 2017

NAB implements SWIFT payments tracker

National Australia Bank has implemented connectivity to the new SWIFT global payments innovation (gpi) Payments Tracker via Application Programming Interface (API),...

02 October 2017

AcumenNet: Why banks' treasuries need fintech

Banks should leverage fintech expertise to help them meet the increasingly complex needs of their own treasury units, from compliance to risk management, according to the...