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14 February 2017

OECD releases new Export Credit Arrangement text

The Organisation for Economic Co-operation and Development (OECD) has released its February 2017 Arrangement on Officially Supported Export Credits. It includes all...

14 February 2017

Court halts $5.2bn Petrobras deal with Brookfield

Brazilian oil giant Petrobras' bid to sell natural gas distribution unit Nova Transportadora do Sudeste to Brookfield Asset Management has been halted by a court over...

14 February 2017

Hungarian Exim opens credit line with Iran

The Export-Import Bank of Hungary (Hungarian Exim) has opened an €85 million credit line to boost trade ties with Iran. The credit line will be used to finance joint...

14 February 2017

Standard definitions for techniques of supply chain finance

The Global Supply Chain Finance (GSCF) Forum and its member organisations have released the Standard Definitions for Techniques of Supply Chain Finance.

13 February 2017

Nam Dinh 1 nears financial close

Last month Acwa Power and Taekwang Power mandated banks for the $4 billion 1.2GW Nam Dinh 1 coal-fired power project in Vietnam, with the deal expected to close in two...

13 February 2017

Acron set for PXF

Russian fertiliser and grains producer Acron have begun mandating banks for a PXF refinancing which will close in the first half of 2017. The facility has a tenor of five...

13 February 2017

World Bank signs $400m gas deal with Turkey's BOTAS

The World Bank and Turkey's gas grid BOTAS signed a $400 million financing deal last week for the Trans-Anatolian Natural Gas Pipline (TANAP) project, which will...

13 February 2017

Canadian Zinc appoints adviser for Prairie Creek mine

Last week Canadian Zinc announced the appointment of HCF International Advisers as its financial counsel for the construciton of its Prairie Creek Zn-Pb-Ag Mine in the...

13 February 2017

Metalloinvest announces loan agreement extension

Metalloinvest today announced the signing of an additional loan agreement with ING Bank. 

13 February 2017

Kathmandu's hydropower project reaches financial close

An NMB Bank-led consortium reached finanacial close last week for the construction of the 18MW Upper Solu Khola Hydropower Project in Kathmandu. 

13 February 2017

Deutsche Bank appoints new head of GTB in China

Deutsche Bank has appointed of Mahesh Kini as Head of Global Transaction Banking in China. 

13 February 2017

Liberia taps SFD for Gbarnga-Salayea road upgrades

Last week Liberia's Ministry of Finance signed a $20 million agreement with the Saudi Fund for Development (SFD) to finance upgrades for the first section of the...

10 February 2017

SNIB or snub?: The viability of a new Scottish development bank

Scotland’s unique PPP procurement method found favour with the private sector, but not with Eurostat. With an audit of the scheme looming, Scotland is searching for new...

10 February 2017

Opportunity of the day: Aretep to seek project finance for $150m Chile mining initiative

Commodity trading and financial services firm Aretep expects to secure a financial advisory role for a $150 million mining project in Chile this month. If it does land...

10 February 2017

Ramu 2 hydro winners out to debt market

A Chinese joint venture has won the Ramu 2 hydro project in Papua New Guinea and is in the market for a major project financing.

10 February 2017

Trump wants to restore US Ex-Im to full power

US president Donald Trump has performed a u-turn and is keen to restore the Export-Import Bank of the United States (US Ex-Im) to full power, according to Senate Democrat...

10 February 2017

Terrafame secures private financing from Galena

Terrafame has secured €250 million private financing from Terrafame Group, Trafigura, and its investment arm Galena Asset Management.

10 February 2017

Agri-traders feel the pain as plentiful harvests persist

Commodity groups such as US-based Archer Daniels Midland and China's Cofco are restructuring or scaling back their ambitions after years of bumper grain harvests, low...

10 February 2017

Thomson Reuters boosts KYC managed services

Thomson Reuters has agreed to buy Clarient Global, a Know Your Customer (KYC) and client reference data platform owned and used by, among others, Barclays, Credit Suisse...

10 February 2017

Euler Hermes posts strong results despite slowdown in trade volumes

Insurer Euler Hermes delivered strong 2016 results in "volatile circumstances" amid a sluggish global economy and a slowdown in trade volumes. It posted a net...