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23 February 2017

C.GEN mandates financial adviser for Killingholme CCGT

C.GEN has mandated Credit Suisse as financial adviser for its 470MW Killingholme combined cycle gas turbine (CCGT) project in the UK. The project will be built on...

23 February 2017

ONGC Videsh out to banks for bridge refi

Indian state-owned upstream developer ONGC Videsh has issued a request for proposals for a dual-currency facility to refinance existing debt from a $875 million bridging...

23 February 2017

Opportunity of the day: Indonesia seeks investors for rural village electrification project

The Indonesian government is looking for distributed energy solutions to close the gap on the electrification deficiency in isolated villages around the archipelagic...

23 February 2017

EREN looking to close on Viento Los Hercules

EREN Renewable Energy is looking to finalize financing for its 97MW Viento Los Hercules wind project in Argentina and has mandated Astris Finance LLC as financial...

23 February 2017

ABB Korea's former treasurer suspected of embezzling $31.6m

ABB Korea's former treasurer and head of compliance is suspected of embezzling KRW35.7 billion ($31.6 million) in a massive fraud that could leave the South Korean...

23 February 2017

Margin gauge: Turkey delights

Pricing guidance on the widely anticipated Akbank refinancing is as predicted - a big jump on the borrower's 2016 deal. For international banks in search of yield, Turkey...

23 February 2017

Mercuria set to refinance RCF

Geneva-based commodity trader Mercuria is set to refinance parts of its 2016 revolving credit facility (RCF) with a banker's meeting and launch date set for the...

23 February 2017

US Ex-Im financed supplier of mines accused of slave labour

The Export-Import Bank of the United States (US Ex-Im) provided $315 million in financing to New Jersey-based Connell Company, which has supplied equipment to African...

23 February 2017

Sullivan and Worcester breakfast seminar discusses the importance of L of C

Among the coffee and croissants, Sullivan and Worcester’s breakfast seminar discussed the importance of Letters of Credit (LC) and the issues of having no...

23 February 2017

HSBC names Tony Cripps as new Singapore CEO

HSBC has appointed Tony Cripps as chief executive officer for its Singapore business. He is currently chief executive of HSBC Australia and will begin his new role on 3...

23 February 2017

Kenya nears $800m infrastructure loan

Kenya is set to sign an $800 million syndicated loan with Citigroup, Standard Bank, Standard Chartered, and Rand Merchant Bank to help fund infrastructure projects and...

23 February 2017

Hoegh LNG set to mandate banks

Hoegh LNG is looking at raising debt to fund a $300 milllion floating storage and regasification unit (FSRU) to service the...

23 February 2017

HSBC appoints new leaders for commercial banking

Terence Chiu will take over as HSBC's head of commercial banking in Hong Kong from 1 July, succeeding Albert Chan who is retiring. Frank Fang will succeed Chiu as...

23 February 2017

Glencore completes turnaround as profit soars on trading

Swiss-based Glencore has turned around from a crisis in 2015 after announcing an annual profit rise of 48% on higher commodity prices and strong trading results.

23 February 2017

WTO's new global trade deal comes into force

An international agreement which his forecast to boost global trade by $1 trillion came into force yesterday through the Trade Facilitation Agreement (TFA). This new...

23 February 2017

WTO's $1trn global trade deal comes into force

The World Trade Organisation's (WTO) $1 trillion Trade Facilitation Agreement has come into force. The WTO said the deal would have a bigger impact than eliminating...

23 February 2017

JP Morgan poaches StanChart man to head Asia transaction banking

Sridhar Kanthadai will join JP Morgan in April as its head of treasury services for Asia Pacific, based in Hong Kong. He was previously head of transaction banking for...

23 February 2017

Sonangol looking for further pre-financing

Angolan state-owned oil company Sonangol is preparing to borrow funds in the coming months as it seeks to improve its debt profile. A group of Chinese banks are rumoured...

23 February 2017

India to finance hydro power project in Nepal

India has approved financing for a 900MW hydro-power project to be built in the Sankhuwasabha district of Nepal. The project is being implemented by a 100% subsidiary of...

23 February 2017

Global trade lawyer Tamer Soliman joins Mayer Brown

Mayer Brown has hired Tamer Soliman as a partner in its International Trade practice as the global head of its export controls and economic sanctions group. He will be...