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20 November 2015

Oil group Sanchez Energy sees borrowing base reduced

US-based oil company Sanchez Energy has seen the borrowing base under its $1.5 billion revolving credit facility drop from $550 million to $500 million. To date,...

20 November 2015

Trafigura-backed Puma to build facility in Myanmar

Singapore-based Puma Energy International, the fuel retail and storage company spun off from commodity trader Trafigura, is building a $100 million facility for...

20 November 2015

Socar Trading seals first revolving credit facility

Socar Trading - the marketing arm of Azerbaijan's oil giant Socar - has signed its first revolving credit facility. The $150 million deal complements its existing...

20 November 2015

Mercuria raises $1.1 bn for Asian RCF with 27 banks on board

Global energy and commodities group Mercuria Energy has signed its Asian revolving credit facility (RCF) for a total amount of $1.1 billion. General syndication saw a...

19 November 2015

HSBC ousts trade veteran Lambert in GTRF restructuring

HSBC’s highly-regarded global head of commodity & structured trade finance (CSTF), Jean-Francois Lambert, has left the bank. The departure comes as part of a structural...

19 November 2015

Better trade finance data needed to satisfy regulators and investors

The lack of reliable data in the trade finance industry could be contributing to the knowledge gap between industry participants, regulators and institutional investors,...

19 November 2015

Indian government announces 3% interest subsidy to boost exports

Concerned about the continuous decline in Indian exports, Prime Minister Narendra Modi's government today announced the launch of a 3% interest-subsidy scheme for...

19 November 2015

ADB loan to improve cross-border trade in Laos

The Asian Development Bank (ADB) has approved a $37 million loan to boost cross-border trade and investment in Laos. The loan, with another $10 million in...

19 November 2015

TriLinc invests in South Africa and Guatemala SMEs

US-based TriLinc Global Impact Fund has approved $9.7 million in trade finance transactions to companies in South Africa and Guatemala. TriLinc provides growth-stage...

19 November 2015

OECD: Export credits for coal-fired plants to be cut

Members of the Organisation for Economic Cooperation and Development (OECD) have dealt a blow to the coal industry by agreeing to scale back public financing for...

19 November 2015

AfDB signs $100m risk-agreement pact with SMBCE

The African Development Bank (AfDB) is helping issuing banks on the continent expand their trade finance operations by approving an $100 million Risk Participation...

19 November 2015

Panama's Bank Association joins SWIFT's KYC Registry

Panama's Bank Association - with regional membership of 71 international and domestic banks - has joined SWIFT's Know Your Customer (KYC) Registry. The...

19 November 2015

JBIC to finance Indonesia LNG terminal by June

Export credit agency, the Japan Bank for International Cooperation (JBIC), is expected to provide financing for Indonesia's second land-based liquefied natural gas...

18 November 2015

China fears see zinc fall to six-year low

Zinc has dropped to a six-year low as other metals traded near their lowest since at least 2010 amid concerns about faltering demand in China. The plunge in metals has...

18 November 2015

EBRD boosts support for trade finance in Egypt

The European Bank for Reconstruction and Development (EBRD) is stepping up its support for Egypt's exporters and importers with a $20 million trade facility to...

18 November 2015

Energy group PostRock sees borrowing base reduced

PostRock Energy, a USA-based crude oil and natural gas group, has seen the borrowing base on its credit facility drop from $76 million to $39 million. The company had...

18 November 2015

UK part of Petrobras' $1.84bn export financing deals

Brazilian state-run oil company Petrobras has secured export financing deals with creditors in Britain, Italy, Japan and Austria worth $1.84 billion. The credit will...

18 November 2015

Borrowing base of gas and oil group Legacy is cut

USA-based oil and gas group Legacy Reserves has had the borrowing base under its $1.5 billion secured revolving credit facility cut to $900 million from $950...

18 November 2015

Banks face capital hit as Basel overhauls trading rules

Banks are braced for higher capital requirements amid an overhaul of market-risk rules by the Basel Committee on Banking Supervision. The new rules, which will be...

18 November 2015

KEXIM finances Myanmar infrastructure projects

The Export-Import Bank of Korea (Kexim) is extending $183 million in loans to a Myanmar infrastructure modernisation project in a bid to boost business opportunities...