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13 June 2014

KfW IPEX finances equipment for Turkey’s Kardemir

Germany’s KfW IPEX - Bank is financing the export of equipment to Turkey’s steel manufacturer Kardemir with an ECA-covered loan of €140 million ($190 million).

13 June 2014

Tullow refinances and expands Norwegian exploration loan facility

Tullow Oil has refinanced its NOK2 billion ($330 million) Norwegian exploration revolving credit facility (RCF), and at the same time it has successfully increased the...

12 June 2014

Research: economic benefits of relationship between West and CEE

A new study for ING Commercial Banking by ING’s Economics Department provides conclusive evidence that the relationship between Western Europe and Central and Eastern...

12 June 2014

ECA Finance industry survey 2014 - results

TXF and ANZ conducted an anonymous industry survey at the ECA/DFI Finance Conference in Paris last week. Delegates were each given a handset and asked to give a response...

11 June 2014

Vitol Asia closes RCF oversubscribed

Energy trader Vitol Asia has closed its syndicated one year revolving credit facility (RCF). The facility was oversubscribed and closed at $1.87 billion.

10 June 2014

Konecranes wins landmark Indonesian export order

Finland’s Konecranes has won a landmark export order with Indonesian state-owned port operator PT Pelabuhan Indonesia III (Pelindo III) for 11 automated rubber tired...

10 June 2014

Intesa Sanpaolo and Sace combine to expand trade with China

Intesa Sanpaolo and Italian export credit agency Sace have signed an agreement to jointly support the export and internationalisation of projects in China being...

10 June 2014

Paris exporters roundtable

After the success of the first roundtable last November in Paris, the day before ECA/DFI Finance in 2014, Henri D’Ambrieres and Maelia Dufour hosted a second roundtable...

10 June 2014

Photos from TXF's ECA/DFI Finance in 2014

Last week in Paris, TXF welcomed close to 400 exporters, borrowers, ECA's, DFI's, banks and law firms to their second edition ECA/DFI Finance event.

10 June 2014

Avolon to launch IPO in US

International aircraft leasing company Avolon has filed documents to the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).

10 June 2014

MIGA and OPIC combine for fund for African farmers

The US Overseas Private Investment Corporation (OPIC) and the Multilateral Investment Guarantee Agency (MIGA) have combined to provide a $350 million political risk...

10 June 2014

SG launches Surecomp’s allTRA trade finance system in Singapore

Société Générale Corporate & Investment Banking (SG CIB) has launched Surecomp’s allTRA multi-entity Java trade finance system in Singapore.

09 June 2014

Mizuho Americas appoints regional heads

Mizuho Bank Americas has bolstered its trade offering with the appointment of regional heads within the global trade finance division (GTFD) of the bank.

09 June 2014

HSBC veteran appointed head of GTRF

HSBC veteran Stuart Tait has been selected to take over as head of the bank’s global trade and receivables finance (GTRF) division, replacing James Emmett. Emmett will...

09 June 2014

Equinox Global launches Netherlands operations

Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has opened an office in the Netherlands. The new office will be headed-up by Frank...

09 June 2014

Allianz Specialty expands London underwriting team

Allianz Global Corporate & Specialty (AGCS) has expanded its London team with the appointed of Hayden Baker as senior financial institutions (FI) underwriter, regional...

06 June 2014

Norton Rose expands trade finance team in Paris

International law firm Norton Rose Fulbright has expanded its Paris banking and finance practice with the hiring of Janet Butterworth, as a partner.

06 June 2014

Glencore signs annual mega-RCF

Commodity trading group Glencore Xstrata (Glencore) has signed its annual revolving credit facilities for a total amount of $15.3 billion.

06 June 2014

EBRD and FMO to finance Georgia’s Wissol Petroleum through A/B structure

The European Bank for Reconstruction and Development (EBRD) has arranged a $65 million syndicated loan to its longstanding client, Wissol Petroleum Georgia (Wissol) to...

06 June 2014

Mayo swaps Ex-Im for Siemens Financial Services

Steven Mayo has joined Siemens Financial Services (effective as of June 2nd), taking on a business development role supporting the company’s wind turbine operations.