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01 July 2015

US Ex-Im charter officially expires

As of midnight last night the charter for Export-Import Bank of the United States (US Ex-Im) officially expired, as no new vote on its reathorisation had taken place in...

01 July 2015

WFW recruits project lawyer to Paris office

Watson Farley & Williams (WFW) has hired lawyer Guillaume Ansaloni as a partner for the finance team in its Paris office. Ansaloni focuses his practice on structured...

30 June 2015

Project financing signed for Turkey’s Efeler geothermal project

Project finance debt totaling $720 million has been signed between banks and Turkey’s Gurmat Electric Generation Company for the Efeler geothermal plant project. With a...

30 June 2015

GarantiBank International closes its syndicated borrowing facility

Trade and commodity-focused, Amsterdam-based, GarantiBank International (GBI) has closed its dual-currency syndicated borrowing facility with two tranches amounting to...

30 June 2015

Afrexim provides funding for Cape Verde hotel project

The African Export-Import Bank (Afrexim) has signed an agreement to provide a €57 million ($63 million) credit facility for the construction of a five-star hotel and spa...

30 June 2015

Canada’s Detour Gold amends secured credit facility

Detour Gold Corporation has amended its C$135 million ($106 million) senior secured credit facility following negotiations with its bank lending group.

29 June 2015

Finnvera and Nordea finance Tallink's new LNG-powered fast ferry

Nordea Bank has provided a €184 million export credit facility to Tallink Line, a subsidiary of Estonian shipping company Tallink Group, to finance a new €230...

29 June 2015

IFC, Deutsche Bank ink trade financing deal for Pakistani renewables

The International Finance Corporation (IFC), a member of the World Bank Group, Deutsche Bank and Bank AL Habib Pakistan today announced a new trade financing deal to...

29 June 2015

Iran sharply raises stake in ITFC

Iran has raised its stake in the International Islamic Trade Finance Corp (ITFC), becoming the development bank's third largest shareholder, according to the...

29 June 2015

Trafigura teams with Mubadala for base metals mines

Commodity trading powerhouse Trafigura Beheer and Mubadala Development Company, the Abu Dhabi-based investment and development company, today announced the signing of...

29 June 2015

ING closes another ECA-backed Korean Air financing

ING has closed another export credit financing with Coface-guarantees for Korean Air Lines (Korean Air). This is the fifth such financing that the bank has arranged for...

29 June 2015

Deutsche Bank goes live with KYC registry service

Deutsche Bank’s Global Transaction Banking (GTB) division has embedded SWIFT’s Know Your Customer (KYC) Registry - a centralised repository that maintains a standardised...

29 June 2015

SACE and EIB combine for €600 million loan for Fiat

The European Investment Bank (EIB) and the Italian export credit agency SACE have combined to provide a €600 million ($669 million) loan to auto manufacturer Fiat...

29 June 2015

Factoring associations FCI and IFG plan union for global factoring

The boards of the two international factoring associations - Factors Chain International (FCI) and International Factors Group (IFG) – have put forward a formal proposal...

29 June 2015

Statoil signs $5 billion RCF following oversubscription

Oil producer Statoil ASA has successfully signed a $5 billion multicurrency revolving credit facility, guaranteed by Statoil Petroleum AS. The syndication saw a healthy...

29 June 2015

OPIC provides loan for Jamaican solar energy project

The Overseas Private Investment Corporation (OPIC) has signed a $47 million loan to support the development of the Clarendon solar photovoltaic facility in Jamaica. The...

29 June 2015

Exmar signs loan with ICBC for gas carrier

Independent Antwerp-based gas carrier and owner Exmar has signed a ship finance loan of $200 million. The funds will be used to purchase the world’s first floating LNG...

29 June 2015

AIIB launches with 50 countries signing initial articles

As part of the launch of the Asian Infrastructure Investment Bank (AIIB) some 50 countries of the founding country group have today signed the articles of agreement for...

29 June 2015

Vitol Asia secures $1.48 billion revolving credit facility

Energy trader Vitol Group has successfully renewed its one-year revolving credit facility (RCF) for its Singapore-headquartered Asian arm Vitol Asia. The facility was...

29 June 2015

Lundin Gold appoints Endeavour as financial advisor

Mining company Lundin Gold’s wholly-owned subsidiary, Aurelian Ecuador has appointed Endeavour Financial as its financial advisor to provide debt financial advisory...