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17 August 2016

Mercuria seals borrowing base as lenders look to safer structures

Lenders have always been keen to protect their returns but a recent trend towards borrowing base facilities demonstrates a clear preference for stringent security and...

17 August 2016

TXF Asia 2016! Plus watch Rome keynote exporter panel!

We're counting down the weeks and days until TXF Asia 2016: Export, Agency & Project Finance in Hong Kong on October 12 and 13. But in the meantime we are...

17 August 2016

Gunvor secures financing for Rotterdam refinery

Commodity trader Gunvor Petroleum Rotterdam has secured a $200 million project financing for the development and infrastructural upgrade of its facilities. Rabobank...

17 August 2016

IFC boosts trade finance across MENA

The International Finance Corporation (IFC) invested $839 million over the past fiscal year to help banks extend trade financing, boosting cross border trade and...

17 August 2016

Intellect iGTB hires Mikael Estvall

Intellect iGTB has hired Mikael Estvall as senior business development manager, Nordics and Baltics. He joins from Misys and will oversee operations throughout Norway,...

17 August 2016

Brazil's Banco Original adopts SWIFT's KYC Registry

Brazil-based Banco Original has signed up to SWIFT's Know Your Customer (KYC) Registry - a centralised repository which maintains a standardised set of information...

17 August 2016

Euler Hermes cover for Altech Chemicals project rises

Australia-based Altech Chemicals' debt financing for its Malaysian high purity alumina project has risen to $70 million from $60 million. The cover by Euler Hermes...

17 August 2016

China Exim seals MoU with Iran

The Export-Import Bank of China (China Exim) has signed a memorandum of understanding (MoU) with Iran's finance ministry to boost financing for economic and...

16 August 2016
in
Power, Renewables

TXF Data Update: Power sector dominates export finance in H1

Power is the export finance’s largest sector in H1 of 2016, accounting for 44.1% of the market, with significant growth in both coal-fired and conventional power.

16 August 2016

Commerzbank expands export finance team to meet ‘growth’

Commerzbank has expanded and repositioned its export finance department in order to become an even bigger player in the ECA market, as Africa and Russia look set to...

16 August 2016

BHP Billiton reveals record $6.4bn loss

BHP Billiton, the Australian mining giant, has reported a record $6.4 billion loss. The company has been hit by a slump in commodity prices, a bad bet on shale and a...

16 August 2016

Sabine Oil & Gas emerges from bankruptcy

Texas-based Sabine Oil & Gas has emerged from bankruptcy as a private company. The group closed on its new senior secured credit facility, which has commitments of...

16 August 2016

Chesapeake Energy takes $1bn loan

US natural gas producer Chesapeake Energy has arranged a $1 billion five-year term loan to buy back senior notes due between 2017 and 2038.

16 August 2016

DBK and Almex to join forces on projects

The Development Bank of Kazakhstan (DBK) and holding group Almex are planning to jointly fund promising projects and bid to attract foreign investment into the...

16 August 2016

Argentina seeks IMF help to boost risk rating

Argentina hopes the International Monetary Fund (IMF) can help boost its risk rating - which is currently on par with North Korea and Iran. IMF economists will assess...

15 August 2016
in
Oil & gas

Gazprom M&T seals new $400m RCF as lenders sanctions fears ease

Despite sanctions still impacting Russia, the state-owned oil giant Gazprom’s UK-based subsidiary has quelled lender concerns to seal a new commodity financing agreement....

15 August 2016

MIT opens office in Singapore

Swiss-headquartered Micro Informatique & Technologies (MIT) - which develops trade and commodity finance software solutions - has opened an office in Singapore to...

15 August 2016

FIMBank in profit for first time since 2014

FIMBank, the Malta-based trade finance bank, is back in profit for the first time since 2014. The group registered a half-year profit after tax of $1.21 million...

15 August 2016

KUKE makes board VP appointment

KUKE, the Polish export credit agency, has appointed Janusz Władyczak to the post of vice-president of its board. He will be responsible for sales and product offer...

15 August 2016

Gerber Finance hires McGarry as chief credit officer

US-based Gerber Finance, which provides asset-based lines of credit, has hired Kevin McGarry as chief credit officer. He joins from First Capital, where he led the...