Finacity facilitates supplier finance program
Finacity corporation (Finacity), the receivables finance company, has assisted the closing and funding of an $80 million supplier finance company on behalf of a US company.
Finacity corporation (Finacity), the receivables finance company, has assisted the closing and funding of an $80 million supplier finance company on behalf of a US company.
Natixis and Sumitomo Mitsui Banking Corporation (SMBC) have acted as joint financial advisers on a $225 million deal, closed by MEASAT International (South Asia) Ltd, to fund the construction and launch of MEASAT’s satellite, MEASAT-3b (M3b).
In a recent report produced by BNY Mellon, the bank believes that London and Singapore could become key offshore renminbi (RMB) payments centres alongside Hong Kong by 2020.
Misys, the financial software provider, has just launched Misys Connect, a suite of programmes designed to give customers direct access and links to cross-functional teams and expertise.
The African Development Bank Group (AfDB) has approved three loans, totalling $256 million, in infrastructure, water, sanitation and health.
Falcon Group, the alternative financier, has established a new team dedicated solely to risk management.
The European Bank for Reconstruction and Development (EBRD) has signed a €4.5 million ($5.8 million) loan to aid the modernisation of urban transport in the central Croatian city of Sisak.
Airline says US Ex-Im reauthorisation uncertainity had no bearing upon order.
Finacity Corporation (Finacity), the receivable finance company, has appointed David Viney in a move to expand its global client coverage.
The Dutch state-owned bank, ABN AMRO, has launched an Asian corporate finance advisory business. The move comes as part of an attempt to build its range of wholesale banking services for Energy, Commodities & Transportation (ECT) clients.
Last week saw TXF broadcast a lively discussion on the future for export finance.
As Western governments blacklist more of Russia’s key companies over the conflict in Ukraine, Russia has accelerated its initiative to build alternative trade relationships in Asia.
Euler Hermes UK has appointed Guillaume Simonnet as new senior regional commercial underwriter.
The European Bank for Reconstruction and Development (EBRD) has signed a €50 million ($65.7 million) loan to Turkish consumer electronics and white goods producer Vestel Elektronik.
The European Bank for Reconstruction and Development (EBRD) has signed a €10 million loan ($13.1 million) to the Minsk Soft Drink Plant, the leading mineral water producer in Belarus.
Deutsche Bank has appointed Peter Massion as head of global transaction banking (GTB) and head of trade finance and cash management corporates (TF/CMC) in Japan. The move, which was effective as of the 1st of September, comes as part of Deutsche Bank’s attempt to strengthen its influence in the rapidly growing region.
Export Development Canada (EDC), the Canadian export credit agency (ECA), is providing $11million worth financing for Mexican theatre operator Cinépolis Group. The move comes as part of a wider attempt by the group to take advantage of the growing Latin American movie market, which has seen an 80% increase in box office revenues between 2009-2013.
Dutch bank ABN AMRO has added three new sector heads to its commodities operation team in Asia, in a bid to extend its focus in the region.
The global insurance company, XL Group (XL), has made several new appointments in its offices in both the UK and the US in order to bolster its trade receivables insurance (TRI) underwriting capabilities. These appointments include Jennifer Papadimitriou in London, and Paul C. Haigley III, Aaron Rutstein and Agatha Liberatore in the US.
The European Investment Bank (EIB) has secured deals with the South African state-owned energy provider Eskom and the Development Bank of South Africa (DBSA) to build two 100MW Concentrating Solar Power (CSP) plants in the Northern Cape. The deals are part of the EIB’s long-standing initiative to support renewable energy investment.
Faisal Islamic Bank (FIB) of Egypt has partnered with SunGard Financial Systems in a bid to modernise its risk infrastructure. The move comes in response to mounting pressure from the Central Bank of Egypt on FIB to comply with international risk management standards.