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Petrobras appoints compliance officer in wake of corruption scandal
Petrobras appoints compliance officer in wake of corruption scandal
Dalia Gebrial
13 January 2015

The Brazilian multinational energy corporation, Petrobras, has appointed João Adalberto Elek Junior as governance, risk and compliance officer.

NBAD appoints head of debt origination and distribution, South-East Asia
NBAD appoints head of debt origination and distribution, South-East Asia
Dalia Gebrial
12 January 2015

The National Bank of Abu Dhabi (NBAD), has appointed Wynce Low as executive director and head of debt origination and distribution for South-East Asia.

IFC and Rabobank provide loan for Georgian glass bottle manufacturer
IFC and Rabobank provide loan for Georgian glass bottle manufacturer
Dalia Gebrial
12 January 2015

The International Finance Corporation (IFC), a member of the World Bank group, is teaming up with Rabobank to provide financing for Georgia’s sole glass bottle manufacturer, Mina.

NBAD appoints new global head of merchant banking
NBAD appoints new global head of merchant banking
Dalia Gebrial
12 January 2015

The National Bank of Abu Dhabi (NBAD) has appointed Omar Mehanna as managing director and global head of merchant banking.

Markel granted regulatory approval for Dubai office
Markel granted regulatory approval for Dubai office
Dalia Gebrial
12 January 2015

Markel International (Markel), the specialist insurer, has been granted regulatory approval by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC).

Citi appoints new head of TTS EMEA payments and receivables
Citi appoints new head of TTS EMEA payments and receivables
Dalia Gebrial
12 January 2015

Citibank has appointed Ireti Samuel-Ogbu as its new trade and treasury (TTS) solutions payments and receivables head for the Europe, Middle East and Africa (EMEA) region.

IFC arranges Itaú Unibanco loan for Enel Green Power Group
IFC arranges Itaú Unibanco loan for Enel Green Power Group
Dalia Gebrial
12 January 2015

The International Finance Corporation (IFC) has mobilised financing from Brazilian bank Itaú Unibanco for Enel Green Power group (Enel), the Italian renewable energy corporation.

Sprint signs three new financing facilities
Sprint signs three new financing facilities
Dalia Gebrial
7 January 2015

US telecommunications company Sprint Corporation has signed three new vendor financing facilities for the purchase of network equipment and related services from key suppliers.

Sinosure provides loan for Trinidad’s Range Resources
Sinosure provides loan for Trinidad’s Range Resources
Dalia Gebrial
5 January 2015

China’s export credit agency (ECA), China Export and Credit Insurance Corporation (Sinosure), is providing a direct loan to the Trinidadian oil exploration and production company, Range Resources.

QBE Insurance expands offering in MENA
QBE Insurance expands offering in MENA
Dalia Gebrial
5 January 2015

QBE Insurance (QBE) has expanded its activities in the Middle East and North Africa (MENA) with a new appointment and the opening up of trade credit lines in the region.

JLT Insurance makes several appointments to US-based energy risk team
JLT Insurance makes several appointments to US-based energy risk team
Dalia Gebrial
5 January 2015

Jardine Speciality Insurance Services (JLT Speciality), a US subsidiary of Jardine Lloyd Thompson (JLT) group has appointed five energy specialists to its energy risk team in its Houston office

GISA Netherlands signs oversubscribed syndicated RCF
GISA Netherlands signs oversubscribed syndicated RCF
Dalia Gebrial
23 December 2014

The metals mining company, GISA Netherlands (GISA), a subsidiary of Gerald Group, has announced the signing of a substantially oversubscribed syndicated revolving credit facility (RCF) with a club of European banks.

HNB becomes first Sri Lankan bank to receive Kexim loan
HNB becomes first Sri Lankan bank to receive Kexim loan
Dalia Gebrial
18 December 2014

Hatton National Bank (HNB) has become the first Sri Lankan bank to establish a revolving credit line with the Export-Import Bank of Korea (Kexim).

EDC and RBC support Mirus’ acquisition of Chinese manufacturing facility
EDC and RBC support Mirus’ acquisition of Chinese manufacturing facility
Dalia Gebrial
17 December 2014

The Canadian export credit agency (ECA), Export Development Canada (EDC) has announced it will guarantee a loan provided by the Royal Bank of Canada (RBC), to support Mirus International’s (Mirus) acquisition of a Chinese manufacturing facility.

SACE guarantees BPER loan for Italian agricultural firm
SACE guarantees BPER loan for Italian agricultural firm
Dalia Gebrial
17 December 2014

The Italian export credit agency (ECA), SACE, is teaming with Banca Popolare dell’Emilia Romagna (BPER), to support Zaccagnini – an Italian agricultural firm specialised in the production of grapes and wines, intended primarily for export.

SunEdison closes solar fund with Barclays and Citi
SunEdison closes solar fund with Barclays and Citi
Dalia Gebrial
16 December 2014

The global solar technology manufacturer and provider of solar energy services, SunEdison, has closed its second fund for distributed generation projects in the US with Barclays and Citi Investor Group.

EDC signs commercial loan with Vodafone
EDC signs commercial loan with Vodafone
Dalia Gebrial
16 December 2014

Canada’s export credit agency (ECA), ~Export Development Canada^ (EDC), has announced a commercial financing deal with telecom service company, ~Vodafone^, in support of generating new business for Canadian suppliers.

Political risk report identifies key sources of geopolitical tension
Political risk report identifies key sources of geopolitical tension
Dalia Gebrial
12 December 2014

The political risk research and advisory firm, Political Monitor, has just released its 2014 report in which its 2014 forecasts were reviewed in light of the eventual outcomes.

US Ex-Im backs SG loan for export of bridge sets to Cameroon
US Ex-Im backs SG loan for export of bridge sets to Cameroon
Dalia Gebrial
12 December 2014

The Export-Import bank of the United States (US Ex-Im) has announced it will guarantee a $50 million loan to finance the export of 55 US-made bridge sets to Cameroon.

OPIC approves loan for Kipeto wind project in Kenya
OPIC approves loan for Kipeto wind project in Kenya
Dalia Gebrial
12 December 2014

The board of directors of the Overseas Private Investment Corporation (OPIC) has announced its approval of a $233 million loan for the construction and operation of the 100 MW Kipeto wind power project in Kajiado County in Southern Kenya.

BNP Paribas appoints new China CEO
BNP Paribas appoints new China CEO
Dalia Gebrial
12 December 2014

BNP Paribas has appointed Peter Kwok as CEO of its China offices. He will take over the role from Clarence T’ao, who will be appointed as head of emerging Asian markets, wealth management Asia Pacific.

Avolon announces pricing of IPO
Avolon announces pricing of IPO
Dalia Gebrial
11 December 2014

The Ireland-based aircraft leasing company, Avolon Holdings (Avolon) has announced the pricing of its initial public offering (IPO) of 13,636,363 common shares at a public offering price of $20 per share.

Egypt’s CIB secures trade facility through EBRD’s TFP
Egypt’s CIB secures trade facility through EBRD’s TFP
Dalia Gebrial
11 December 2014

The European Bank for Reconstruction and Development (EBRD) will provide a $50 million trade facility to the private Egyptian bank, Commercial International Bank (CIB).

EDC loan for financial arm of Navistar Mexico
EDC loan for financial arm of Navistar Mexico
Dalia Gebrial
11 December 2014

Canada’s export credit agency (ECA), Export Development Canada (EDC), is providing a $50 million loan for Navistar Financial Mexico (NFCx), the financial arm of Navistar Mexico (Navimex) – a wholly owned subsidiary of Navistar International Corporation (Navistar) in Mexico.

NIB launches SME facilities in Finland and Denmark
NIB launches SME facilities in Finland and Denmark
Dalia Gebrial
11 December 2014

The Nordic Investment Bank (NIB) is launching two loan facilities for banks in Denmark and Finland.

Russia’s Polymetal signs credit facility with EDB
Russia’s Polymetal signs credit facility with EDB
Dalia Gebrial
11 December 2014

The Russian precious metals provider, Polymetal International (Polymetal), has secured a non-revolving credit facility from the Eurasian Development Bank (EDB).

EBRD provides loan for UniCredit Leasing in support of Croatian SMEs
EBRD provides loan for UniCredit Leasing in support of Croatian SMEs
Dalia Gebrial
10 December 2014

The European Bank for Reconstruction and Development (EBRD) is providing a €30 million ($37.39 million) loan to UniCredit Leasing.

Atradius reveals key payment practice concerns for APAC region
Atradius reveals key payment practice concerns for APAC region
Dalia Gebrial
5 December 2014

Trade credit insurer, Atradius has released its report on the payment practices and behaviour of businesses in the Asia Pacific (APAC) region.

Barclays makes new appointments to trade and working capital team
Barclays makes new appointments to trade and working capital team
Dalia Gebrial
5 December 2014

Barclays has appointed Nick Littleford and Paul Woodward as co-heads of large corporate sales finance organisation, UK and Ireland, within the trade and working capital team.

SACE guarantees UniCredit loan for IMR Automotive
SACE guarantees UniCredit loan for IMR Automotive
Dalia Gebrial
4 December 2014

UniCredit is providing the Italian producer of automotive components, IMR Automotive (IMR), with a €2 million ($2.46 million) loan, which is insured by Italian export credit agency (ECA), SACE.

Ethiopian Airlines closes first sharia compliant loan
Ethiopian Airlines closes first sharia compliant loan
Dalia Gebrial
3 December 2014

Ethiopian Airlines has closed a 12-year, $100 million loan from Bahrain’s Islamic investment bank, Ibdar Bank, and Canada’s export credit agency (ECA), Export Development Canada (EDC) for the lease of four Bombardier Q400 Next Gen aircrafts.

Beazley opens office in the Middle East
Beazley opens office in the Middle East
Dalia Gebrial
3 December 2014

The London-based specialist insurer, Beazley Group (Beazley), has announced it will open an office in the Dubai Financial Centre (DIFC) to underwrite political risk, trade credit, political violence and contingency insurance.

Middle Eastern banks lead loan facility for Afreximbank
Middle Eastern banks lead loan facility for Afreximbank
Dalia Gebrial
3 December 2014

The African Export-Import Bank (Afreximbank) has closed a two-year, $250 million term loan facility with a club of predominantly Middle Eastern banks.

Egypt’s EGPC signs syndicated loan with local and foreign banks
Egypt’s EGPC signs syndicated loan with local and foreign banks
Dalia Gebrial
2 December 2014

An international and local bank syndicate has signed a major loan with the Egyptian General Petroleum Corporation (EGPC) – the country’s national oil company, designed to help the company meet its payment obligations for crude oil imports with international oil companies.

Power project financing enables Saudi’s ACWA to complete first investment in Turkey
Power project financing enables Saudi’s ACWA to complete first investment in Turkey
Dalia Gebrial
2 December 2014

The Turkish subsidiary of the independent Saudi Arabian power project developer, ACWA Power, has raised more than half of the funds for its $1 billion combined-cycle gas turbine power plant through a syndicated loan, raised through a club of commercial banks and international financial institutions.

Louis Dreyfus appoints new CEO
Louis Dreyfus appoints new CEO
Dalia Gebrial
1 December 2014

The global merchandiser of commodities, Louis Dreyfus Commodities (Louis Dreyfus), has appointed Mayo Schmidt as its new CEO. The decision will take effect from 5 January 2015.

NIB loan for Lithuanian LNG terminal
NIB loan for Lithuanian LNG terminal
Dalia Gebrial
1 December 2014

The Nordic Investment Bank (NIB) has signed a 20-year, €34.8 million ($43.35 million) loan agreement with Klaipedos Nafta, the majority state-owned Lithuanian oil and gas company, to help partly finance a liquefied natural gas (LNG) terminal at the Port of Klaipeda, Lithuania.

Indonesia’s Lion Air places ATR’s largest order
Indonesia’s Lion Air places ATR’s largest order
Dalia Gebrial
28 November 2014

Indonesia’s largest private airline, Lion Group, has signed a $1 billion purchase agreement with Italian-French aircraft manufacturer ATR for the purchase of 40 ATR 72-600s, in addition to a previous order of the newest generation ATR turboprops.

KfW IPEX and AFC sign infrastructure financing agreement
KfW IPEX and AFC sign infrastructure financing agreement
Dalia Gebrial
28 November 2014

The German development bank, KfW IPEX bank, and the Africa Finance Corporation (AFC) have signed a framework financing agreement amounting to $300 million.

Finacity facilitates trade receivables securitisation for Korean airline
Finacity facilitates trade receivables securitisation for Korean airline
Dalia Gebrial
27 November 2014

Finacity, the receivables finance company, has announced that it has facilitated a $350 million tade receivables securitisation for Korean Air Lines Company (KAL).

Agricultural bank of China signs on to essDOCS’ CargoDocs solution
Agricultural bank of China signs on to essDOCS’ CargoDocs solution
Dalia Gebrial
27 November 2014

The Agricultural Bank of China has signed on to essDOCS’ online trade facilitation solution, CargoDocs for trade finance.

EDC provides direct loan for Mexican telecom company
EDC provides direct loan for Mexican telecom company
Dalia Gebrial
26 November 2014

Canada’s export credit agency (ECA), Export Development Canada (EDC) is providing a direct loan of up to $125 million to Mexico-based telecommunications company, América Móvil.

SACE guarantees loan for expansion of Giza power plant
SACE guarantees loan for expansion of Giza power plant
Dalia Gebrial
26 November 2014

The Italian export credit agency (ECA), SACE, has guaranteed a thirteen-year €210 million ($262.44 million) loan to Italian energy company, Ansaldo Energia, for the development of the 6 October power plant in the Giza district near Cairo.

PTA Bank launches new eastern and southern African trade fund
PTA Bank launches new eastern and southern African trade fund
Dalia Gebrial
25 November 2014

The Eastern and Southern African Trade and Development Bank (PTA Bank) has collaborated with London-based specialist emerging market investment manager, GML Capital, to form Eastern and Southern African Trade Advisers Limited (ESATAL).

Rabobank appoints new head of TCF
Rabobank appoints new head of TCF
Dalia Gebrial
25 November 2014

Dutch multinational, Rabobank, has appointed Jasper van Schaik as its new global head of trade and commodity finance (TCF).

Deutsche Bank secures loan with Damen Shipyards for the Bahamas
Deutsche Bank secures loan with Damen Shipyards for the Bahamas
Dalia Gebrial
24 November 2014

Deutsche Bank has announced that it has arranged a €135 million ($167.35 million) loan, financing a contract between Dutch shipyard company, Damen Shipyards (Damen) and the government of the Bahamas

Denizbank appoints new head of financial institutions and trade finance
Denizbank appoints new head of financial institutions and trade finance
Dalia Gebrial
24 November 2014

The private Turkish bank, Denizbank, has appointed Semih Ozcan as its division head of financial institution and trade finance. In his new role, he will be based in Vienna.

SACE signs collaboration agreement with Vietnamese bank
SACE signs collaboration agreement with Vietnamese bank
Dalia Gebrial
24 November 2014

The Italian export credit agency (ECA), SACE, has signed an agreement with the second largest commercial bank in Vietnam, Vietinbank.

EBRD teams with ING and other agencies to co-finance loan for Turkish rail system
EBRD teams with ING and other agencies to co-finance loan for Turkish rail system
Dalia Gebrial
23 November 2014

The European Bank for Reconstruction and Development (EBRD) is providing a €38.5 million ($48.17 million) loan to Turkey’s third-largest city, Izmir, for the expansion of its light-rail system.

Ghana announces plans to establish export-import bank
Ghana announces plans to establish export-import bank
Dalia Gebrial
21 November 2014

The Ghanaian cabinet has approved the establishment of an export-import bank as part of an overarching aim to position the country as an export-led economy.