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01 June 2016

SACE reveals 91% rise in claims for Q1

Italian ECA SACE this week announced the value of claims hit €130.8 million in the first quarter results of 2016 - up 91% on the same period last year. SACE says the...

31 May 2016

Development agencies pledge $149m for Costa Rican wind projects

GME, Central America's leading wind energy company, has tapped three international development agencies, FMO, Proparco, and OeEB for $149 million in long-term financing...

31 May 2016

Descending in a blaze of glory: TXF Rome is almost here

In just over a week, leading exporters, borrowers, financers, lawyers, ECAs and DFIs will descend on Rome in a blaze of glory for the TXF Rome 2016 event on June...

30 May 2016

SACE boosts trade ties with Argentina announcing €700m in guarantees

Italian ECA SACE reopened its support of transactions with Argentina after the Italian undersecretary for development Ivan Scalfarotto last week announced guarantees for...

26 May 2016

Investors flock to Afreximbank's $750m record bond issue

Afreximbank closed a $750 million five-year bond last week after achieving an order book of $3.4 billion from 290 investors - the biggest ever book and largest trade...

25 May 2016

TXF Data Update: 59% drop in number of ECA deals in Q1 2016

The total number of ECA deals taking place in the first quarter of 2016 has more than halved compared to Q1 of 2015, while deal volume is down 12%. TXF's Q1 data clearly...

20 May 2016

ICIEC set to invest in Indonesia

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), part of the Islamic Development Bank Group (IsDB), is ready to invest in projects in...

19 May 2016

Aperam agrees $400m 'backup' borrowing base facility

The Luxembourg-based stainless-steel producer closed a $400 million borrowing base revolving credit facility in March, a month after Moody's upgraded the company to Ba1....

19 May 2016

Turk Eximbank's export credit limits are determined

Turk Eximbank's limits on official cash and non-cash export credits for foreign countries have been determined. The maximum amount of credit for Organisation for...

18 May 2016

Fitch downgrades struggling Noble

Fitch yesterday joined Moody's and Standard & Poor's in cutting Noble to "junk" status, as the commodities trader battles for liquidity.

17 May 2016

Petroleum Development Oman seeks $3bn PXF

Petroleum Development Oman, who traditionally rely on state funding, has turned to commercial banks for finance in the wake of lower oil prices, as the oil company seeks...

16 May 2016

İşbank breaks record for $1.4bn trade revolver

Turkey's largest private bank, İşbank, has increased the size of its annual revolving credit facility last week - a $1.4 billion syndicated loan with a record 47...

13 May 2016

IFC's Scaling Solar initiative set to brighten sub-Saharan Africa

Two out of three people lack access to electricity in sub-Saharan Africa, but a new initiative, Scaling Solar, rolled out this week by the World Bank group aims to bridge...

11 May 2016

Navig8 seals $130m K-sure-backed facility

The deal is indicative of how shipyards and shipbuilders are increasingly reliant on their buyers obtaining ECA-support to fill their order capacity while also...

10 May 2016

Euler Hermes backs Canada's wind revolution

Wind energy is the fastest growing source of electricity in Canada and is set to play a major role in the action plans of Québec's 2030 energy policy. The...

09 May 2016

India's Exim Bank uses LoCs to boost government 'vision'

In a bid to create new channels of future growth and provide new roadmaps for Indian exporters, India's Exim Bank has increased the amount of lines of credits it has...

04 May 2016

Sace takes the lead in Iran

In late April, only four months after the trade embargo on Iran was lifted, Italy's Sace took the lead in the ECA space, guaranteeing €4 billion in credit lines to...

02 May 2016

BEST EUROPEAN COMMODITY DEAL OF THE YEAR: Varo Energy secures $460m borrowing base facility

Varo Energy's $460m borrowing base formed part of the oil suppliers merger with Argos Downstream Europe, in a deal which will turn Varo into the largest independent...

28 April 2016

Update: Noble set to close $1bn RCF

Earlier this month, Noble launched a $1 billion debt refinancing. With the facility due to close next week, the struggling commodities titan is eagerly awaiting Fitch’s...

27 April 2016

JBIC: the outward face of Japan Inc?

JBIC has been quick out of the starting blocks in 2016, supporting $5.6 billion in deals as the government swings its weight behind the policy bank. Connor Lovell looks...