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28 May 2015

ERC: connecting Ethiopia with a benchmark financing

BEST AFRICAN ECA FINANCE DEAL OF THE YEAR Ollie Gordon examines the details of ERC’s Awash-Weldia/Hara Gebeya Railway project in Ethiopia.

28 May 2015

KIPP: truly out of Africa

BEST DFI DEAL OF THE YEAR Ollie Gordon discovers how agencies and banks worked together to develop the unique financing structure for the KIPP power plant financing in...

28 May 2015

EIB and EBRD sign loans to support Poland’s Grupa Azoty industrial expansion

The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) are teaming up to support further expansion of Grupa Azoty, Poland’s...

28 May 2015

Trafigura becomes major exporter of Russian oil

Swiss commodity trader Trafigura has become a major exporter of Russian oil as sanctions have squeezed Kremlin-backed companies’ access to credit and led to a...

27 May 2015

Gunvor Singapore secures $912 million revolver

Commodity trading company Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has signed a $911.7 million syndicated revolving credit facility (RCF). The...

27 May 2015

RMB tops Asia-Pacific charts for payments with Greater China

SWIFT’s RMB Tracker has shown that the value in weight of the RMB used for payments exchanged with China and Hong Kong within Asia Pacific increased by 327%...

27 May 2015

Breakthrough insurance product brings 25-year development finance

A radically revamped form of insurance provides new and powerful solutions for project sponsors, financiers and public borrowers in search of 100%, 25-year, low risk...

27 May 2015

EDC provides loan for Valeant Pharmaceuticals acquisition

Canadian export credit agency Export Development Canada (EDC) today announced a previously-disbursed $67.5 million in financing for Montreal’s Valeant...

27 May 2015

Euler Hermes France launches EH Fraud Cover

Euler Hermes, the global trade credit insurer, has launched EH Fraud Cover - a new insurance product that covers the risk of company fraud. With expertise in...

27 May 2015

Isbank Germany licenses Surecomp trade finance package

Surecomp, the global provider of trade finance solutions for banks and corporations, has announced that Isbank AG, the European arm of Turkish bank Türkiye Is...

27 May 2015

Japanese firms win tender for IWPP project in Qatar

Mitsubishi Corporation (MC) and Tokyo Electric Power Company (TEPCO) are pleased to announce that a 25-year power and water purchase agreement (PWPA) has been reached...

26 May 2015

Scotiabank strengthens European GTB team

Scotiabank has appointed Karl Klink as director trade finance sales to further strengthen its European global transaction banking (GTB) presence.

26 May 2015

Introducing… the TXF Chronicle

As with any given seven-day period in the modern age of news reportage, last week was chock-a-block full of current affairs shockers, geopolitical wranglings, cyclical...

26 May 2015

Oman’s ORPIC secures $910 million syndicated loan

State-owned Oman Oil Refineries and Petroleum Industries Co (ORPIC) has secured an OMR350 million ($910 million) syndicated corporate loan facility from local and...

26 May 2015

Equinox Global appoints new head of UK and Ireland

Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Nick King as head of UK and Ireland. He will join Equinox on 6 July 2015....

26 May 2015

IFC and Ecobank arrange facility for SME financing in conflict-affected African states

International Finance Corporation (IFC) and Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group have launched a $110 million risk-sharing...

26 May 2015

Nokia selects GTC’s multi-bank platform for managing trade documents

Nokia Corporation (Nokia) has selected GlobalTrade Corporation’s (GTC) @GlobalTrade multi-bank trade finance platform for managing export documentary credits and bank...

26 May 2015

US Ex-Im and ICIEC provide loan for refurbishing PIA aircraft engines

The Export-Import Bank of the United States (US Ex-Im), along with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), is providing a $55...

26 May 2015

Finacity advises on government receivables funding programme

Finacity Corporation (Finacity), the receivables finance company, has announced it has served as advisor – and will serve as ongoing reporting administrator – for a new...

25 May 2015

Romania’s OMV Petrom signs €1 billion RCF

OMV Petrom, the largest oil and gas producer in South-Eastern Europe, has signed a revolving credit facility (RCF) amounting to €1 billion ($1.1 billion). The funding has...