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24 March 2016

Trafigura seals $5.5bn financing

Commodities giant Trafigura has signed a $5.1 billion European revolving credit facility (RCF), including a one-year tranche for $1.91 billion and a three-year RCF for...

24 March 2016

Russia's Phosagro may raise $250m PXF

Russian fertiliser producer Phosagro, which exports to Latin America, India and Europe, may raise pre-export financing (PXF) for up to $250 million. Unicredit and...

24 March 2016

JBIC part of $900m loan for Russia oil and gas project

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement for up to $450 million to help finance development of the Sakhalin-1 project's...

24 March 2016

ADB open to joint lending with AIIB

The Asian Development Bank (ADB) is open to working with the Asian Infrastructure Investment Bank (AIIB) in joint projects and to accepting more funding from emerging...

24 March 2016

The growing role of MDBs in Africa

The role of multilateral development banks (MDBs) in Africa, such as the African Development Bank and New Development Bank, is becoming more prominent. A slowdown in...

24 March 2016

Digitalisation key for new exporters

Up to 350 million businesses would begin exporting goods for the first time if they adopted an end-to-end digital strategy, according to a study from the Dubai Multi...

24 March 2016

US Ex-Im: Clinton and Sanders row over 'Boeing's Bank'

The Export-Import Bank of the United States' (US Ex-Im) support for Boeing is at the centre of a row between Hillary Clinton and Bernie Sanders ahead of the...

24 March 2016

ADB loan will help China treat industrial wastewater

The Asian Development Bank (ADB) has signed a $250 million loan to support China's bid to treat harmful industrial wastewater and sludge generated by small and...

23 March 2016

Coface closes Kurdistan deal despite two-year Isis delay

After two years of delays resulting from the war with Isis, French export credit agency (ECA) Coface last month provided its first ever guarantee in Iraqi Kurdistan to...

23 March 2016

EDC goes out on the pull

TXF looks at Export Development Canada's unique and controversial 'pull strategy,' of untied financing to foreign companies like BMW.

23 March 2016

Frackers draw down reserve-based loans in latest sign of distress

US shale producers have maxed out their reserve-based loans in a sign of impending bankruptcies, but lenders can expect good recoveries from these, while some frackers...

23 March 2016

Vitol's 2015 revenue plunges to $168bn

The 2015 revenue of Swiss-based commodity trader Vitol dropped 38% to $168 billion - its lowest since 2009. The fall came despite traded volumes of crude oil and...

23 March 2016

OPIC names new VP for structured finance and insurance

Overseas Private Investment Corporation (OPIC), America's development finance institution, has named Tracey Webb as vice president (VP) for structured finance and...

23 March 2016

Cuba and Finland agree export credit debt deal

Finland and Cuba have reached an agreement on the North American country's export credit arrears repayment. The move is an important step for promoting trade...

23 March 2016

Halcon Resources cuts borrowing base to $700m

American independent energy company Halcon Resources has reduced the borrowing base on its senior revolving credit facility to $700 million.

23 March 2016

Stricter rules for foreign infrastructure investors in Australia

Foreign companies face tighter scrutiny when buying infrastructure in Australia. Under new rules, an agricultural land foreign ownership register is being set up and...

23 March 2016

UKEF and Sinosure agree to increase exports

Export credit agencies UK Export Finance (UKEF) and the China Export & Credit Insurance Corporation (Sinosure) have agreed a deal to increase exports.

23 March 2016

Spain's struggling Abengoa raises emergency loans

Spanish energy and engineering company Abengoa has brought in €137 million in emergency loans ahead of talks to avoid bankruptcy. The company is struggling with...

23 March 2016

SACE deal to boost companies abroad

Italian export credit agency SACE and Iccrea BancaImpresa have agreed a deal to provide €150 million in new loans to customer companies of Banche di Credito...

23 March 2016

Hellenic Bank joins EBRD Trade Facilitation Programme

The European Bank for Reconstruction and Development (EBRD) has agreed a €20 million trade facility with Cyprus's Hellenic Bank to help the country's...