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27 April 2017

Ripple adds another 10 banks as Swift rivalry heats up

The rivalry between interbank messaging network SWIFT and blockchain payments company Ripple has intensified. Ripple has added another 10 bank customers, including BBVA...

27 April 2017

TXF Development Finance Report: Europe attracts most funding

TXF Data has released its inaugural Development Finance Report, covering the activities of all of the main multilateral development finance institutions. The results may...

27 April 2017

Rusal unveils $500m second flight of eurobonds

Russia's UC Rusal said its second eurobond issue will total $500 million and mature in six years. The coupon rate of the tranche is 5.3% per year, with proceeds to be...

27 April 2017

Urals secures short-term loan ahead of June export

Russia's Urals Energy has secured a pre-export, short-term loan worth $3 million from Petraco Oil. It was agreed ahead of an expected tanker shipment in June carrying...

27 April 2017

Russian miner Mechel optimistic over debt reduction

Russian metals and mining group Mechel could start reducing debt this year if prices for its products hold up, it claimed. It borrowed heavily before Russia's...

27 April 2017

CDB keen to finance petroleum projects in Egypt

The China Development Bank (CDB) is keen to finance petroleum and gas projects in Egypt. Strengthening economic relations with Egypt is at the top of the lender's...

27 April 2017

Coface: €7.3m net income driven by boost in net loss ratio

Coface has revealed its results for Q1-2017, with a net income of €7.3 million driven by an improvement in net loss ratio. The insurer said emerging markets were...

27 April 2017

Falcon Group appoints Bruno Meyer as chief risk officer

Specialist financier Falcon Group has appointed Bruno Meyer as its new chief risk officer and member of the executive board. He was most recently head of risk analytics...

27 April 2017

Net benefits: De-risking greenfield for institutional investors

To coincide with the IMF Spring Meetings, MIGA recently held a panel discussion to showcase multilateral breakthroughs in credit enhancement that enable borrowers to tap...

27 April 2017

Perfect 10 Noble Americas: Down but bouncing back - a TXF commodity finance Deal of the Year

Despite junk status at group level, Noble Americas tapped the structured debt market for a $2 billion borrowing base facility in May 2016 – the first large-scale...

26 April 2017

Opportunity of the day: VPower and CITIC look to international banks to finance planned Southeast Asian gas power initiative

Hong Kong-based large power generation systems provider V Power Group International Holdings Limited is moving ahead with plans to invest in gas-fired power plants in...

26 April 2017

SNCF joins Virgin and Stagecoach for UK West Coast rail franchise

The French national railway company has taken a 30% stake in the group bidding for the franchise encompassing on the West Coast Main Line inter-city services...

26 April 2017

BHEL awarded $1.5bn EPC contract for Maitree Super Thermal project

Bharat Heavy Electricals will carry out the work on the GW1.32 the supercritical coal based power project at Rampal for the Bangladesh India Friendship Power Company...

26 April 2017

Bharat PetroResources out to banks with new loan RFP

Bharat PetroResources (BPRL) is out to banks with a request for proposals (RFP) for a five- to seven-year borrowing to refinance existing debt and fund capital...

26 April 2017

HSBC mandated on $100bn Aramco IPO

HSBC joins JPMorgan Chase & Co and Morgan Stanley on the intial public offering of the Saudi Arabian national oil giant.

26 April 2017

Rotary Engineering awarded S$140m Jurong Port terminal project

The project for a new liquid bulk terminal, located adjacent to Singapore's Jurong Island petrochemical hub is a joint venture between Jurong Port and Oiltanking...

26 April 2017

US court upholds FERC decision on PaTu wind PPA dispute

The 9MW Oregon wind farm had signed with Portland General Electric (PGE) to sell its total output. While PaTu expected dynamic real-time scheduling, PGE...

26 April 2017

Metalloinvest: The debt that feeds just got cheaper

Metalloinvest’s pricing push has seen it emerge with a big decrease on the cost of its pre-export debt for 2017. Details will be confirmed at signing – expected this week...

26 April 2017

Canadian Solar closes $97m IS-42 solar project

The financing of the 92MW PV project located in Bladen and Cumberland counties in North Carolina was secured from Prudential Capital Group who will provide a $97...

26 April 2017

GIB and Lightsource to team up for Indian renewable projects

The recently acquired Green Investment Bank (GIB) is in talks with UK-based Lightsource Renewable Energy about funding the development of 1GW of renewable capacity...