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03 March 2014

New head appointed at Sibur's trading company

Andrey Frolov has been appointed executive director of SIBUR International, Sibur group’s international trading arm. He will be based in Vienna. Frolov takes over from...

28 February 2014

Hindustan Petroleum signs syndicated facility

Hindustan Petroleum Corporation (HPCL) has secured a $500 million three-year term loan through bookrunners State Bank of India, DBS and RBS

28 February 2014

Ecom Agroindustrial Asia launches revolver

Swiss-headquartered agricultural commodity trading group Ecom Agroindustrial Asia has launched a $300 million, 364-day revolving credit facility (RCF) into the market.

27 February 2014

Mobily inks new ECA deals for NSN and Ericsson equipment

Saudi Arabian telecommunications company Mobily (Etihad Etisalat) has agreed two new financings amounting to SAR2.1 billion ($560 million) backed by the export credit...

27 February 2014

Nigerian paper mill gets AfDB financing

African Development Bank has agreed to provide a $30 million loan to finance the rehabilitation of Nigeria’s Oku Iboku Pulp and Paper Mill in Akwa Ibom and Cross River...

27 February 2014

Ukrainian crisis hits Western banks in different way to 2008/9

The crisis in Ukraine is one of considerable concern for all banks involved in the market. Potential exposure is considerable. But in a report released today by...

26 February 2014

FIMBank makes senior team hire

Malta-headquartered FIMBank has hired Thomas Degen to its senior management team.

26 February 2014

EBRD and Nordea fund Oil & Gas Systems upgrades

The European Bank for Reconstruction and Development (EBRD) has joined forces with Nordea Bank to support a €123 million ($170 million) modernisation of two manufacturing...

26 February 2014

Barclays appoints head of international and trade

Barclays Business has appointed Steve Childs as head of international and trade for business banking. He will be based in London, UK.

26 February 2014

Senegal agri-sector gets trade boost from IFC and BICIS

The IFC has launched a risk-sharing facility with Banque Internationale pour le Commerce et l’Industrie du Sénégal (BICIS) that will improve access to finance for the...

24 February 2014

Crédit du Maroc receives trade finance boost from EBRD

The European Bank for Reconstruction and Development has provided a boost to Morocco’s export and import community in the form of a $40 million trade finance line to...

24 February 2014

Mississippi Silicon to construct metal plant with KfW financing

Germany’s KfW IPEX-Bank (KfW) is providing a $109 million loan to Mississippi Silicon for the construction of a silicon metal manufacturing plant in the United States....

24 February 2014

Ray Zabarte joins RBS as head of trade services

The Royal Bank of Scotland (RBS) has expanded its global transaction services division, appointing Ray Zabarte as its new head of trade services. Zabarte, who was...

24 February 2014

Bunge revolver in syndication

Agricultural producer and trading company Bunge is in the market with a three year, $1.75 billion revolving credit facility (RCF).

21 February 2014

Euler Hermes to supply TCI for HSBC’s Malaysian clients

Euler Hermes has signed an agreement with HSBC as the exclusive supplier of trade credit insurance (TCI) products to HSBC commercial banking customers in Malaysia.

21 February 2014

IFC announces trade partner awards winners

The IFC has announced 25 financial institutions as its best partners in trade and supply chain finance for 2013. The presentations took place at the inaugural Global...

21 February 2014

US Ex-Im guarantees landmark Apple Bank aircraft loan to MSFL

The Export-Import Bank of the United States has guaranteed a $300 million loan by the Apple Bank for Savings to China’s Minsheng Financial Leasing (MSFL) for the purchase...

21 February 2014

Trafi signs to take stake in Chinese copper smelter

In a strategic move, commodity trader Trafigura together with Trafigura Investment (China) has signed an agreement to acquire a 30% equity stake in the Jinchuan Group's...

21 February 2014

IFC Lisbon gathering showcases success of programmes

With over 300 attendees at the IFC Global Trade Partners Meeting in Lisbon, Portugal over the past three days, the event demonstrates the success of the IFC’s various...

20 February 2014

NBE receives loan from EBRD to boost Egyptian trade

The National Bank of Egypt (NBE) has received the second half of a $100 million loan from the European Bank for Reconstruction and Development aimed at helping businesses...