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20 April 2016

Markel hires underwriter Lida Heaven

London-based insurer Markel International has hired Lida Heaven as an underwriter in its trade credit and political risk division. She has previously worked as a...

20 April 2016

NDB agrees $811m loans for green projects

The New Development Bank (NDB) - launched by Brazil, Russia, India, China and South Africa - has agreed $811 million in loans aimed at renewable energy projects. It...

19 April 2016

SACE’s Castellano looks forward to the capital markets

In a typically frank discussion with Jonathan Bell, SACE CEO Alessandro Castellano outlines his vision for the development of a pan-European capital markets base as an...

19 April 2016

BEST AMERICAS COMMODITY FINANCE DEAL OF THE YEAR: Vicentin closes PXF amid Argentinian election uncertainty

In the face of precarious politics and a troubled economy, Argentina's largest soy bean producer Vicentin closed a $135.3 million PXF in the country's largest...

19 April 2016
in
Power, Renewables

BEST ECA FINANCE DEAL OF THE YEAR: Benchmark Beni Suef deal reopens Egyptian ECA market

Egypt's energy capacity is set to double following last year's $1.49 billion financing of the Beni Suef power plant as the government moves to end endemic blackouts.

19 April 2016

Olam agrees loan from IFC

Olam International, the Singapore-based trader, has signed a five-year, $175 million loan agreement with the International Finance Corporation (IFC). It will be used...

19 April 2016

Egypt secures $3.9bn funding for power plants

Egypt has secured $3.9 billion funding for three huge power plants. Deutsche Bank, KfW IPEX-Bank and HSBC jointly structured and arranged the Euler Hermes-underwritten...

19 April 2016

It’s awards season…

TXF is proud to announce that voting has opened for its annual Best in Class Awards. TXF Awards are exclusive, prestigious accolades given to the institutions that have...

19 April 2016

Coface and Bpifrance seal export guarantees transfer

Coface, France's export credit agency, has sealed an agreement to transfer French state export guarantee management to Bpifrance. Management will be handed to...

19 April 2016

MIGA and Fiji agree deals to boost FDI

The Multilateral Investment Guarantee Agency (MIGA) has signed two financial agreements with the government of Fiji to encourage foreign direct investment (FDI) in the...

19 April 2016

Olam and Mitsubishi Corporation form joint venture

Singapore-based commodity trader Olam has teamed up with Mitsubishi Corporation to form MC Agri Alliance, in Japan. It will import and distribute cocoa, coffee,...

19 April 2016

UKTI: Record number of businesses want to export

A record number of UK businesses are interested in exporting through government-brokered opportunities, according to UK Trade & Investment. Over 20,000...

19 April 2016

Default fears amid Stone Energy borrowing base cut

US oil and gas group Stone Energy has seen its credit facility cut from $500 million to $300 million - resulting in a borrowing base deficiency of $175.3 million and...

19 April 2016

Euler Hermes: 70% of world economy to stay subdued

The growth of the global economy will be weaker this year, with just a +2.5% rise in GDP, says trade credit insurer Euler Hermes. Both emerging and advanced economies...

19 April 2016

Equinox Global launches online portal

Equinox Global, the Lloyds cover holder specialising in trade credit insurance, has launched Equinox Approach - an online portal for brokers and clients. It offers...

19 April 2016

China scraps export subsidy programme

China has scrapped an incentive programme - which covered industries such as textiles and seafood - that effectively subsidised exports from small firms. The move came...

19 April 2016

IFC finances Myanmar Industrial Port

The International Finance Corporation (IFC) is providing financing worth $40 million to Myanmar Industrial Port. The package will help increase capacity and efficiency...

19 April 2016

Argentina returns to bond market after 15-year exile

Argentina is back in the international borrowing markets with a sale of sovereign bonds after a 15-year exile since its default. The country is raising up to $15...

19 April 2016

Prabhat Vira is president of Tungsten Network Finance

Tungsten Network Finance, the supply chain finance arm of the Tungsten Network business, has appointed Prabhat Vira as president. He joins from HSBC.

18 April 2016

Is BAML retreating from trade and export finance?

A spate of high profile ECA and trade finance departures from Bank of America Merrill Lynch (BAML) has fuelled speculation that the bank is withdrawing from the business...