TXF China 2019
TXF China brings an exclusive group of senior structured finance professionals together in Shanghai for a day of collaborative discussion of regional opportunities and productive network building.
Canada’s Scotiabank has boosted its global infrastructure finance team in London with the appointment of Rocio Lozano as an associate director to the team.
Guest post, CC solutions: CC Solutions, in conjunction with TXF, is pleased to announce it is conducting a one day training session on theFundamentals of ECA Finance. Scheduled just prior to the US EXIM Bank conference in Washington, DC
Export Development Canada (EDC) has signed to provide a direct export credit financing line of $500 million for the Indian multi-sector conglomerate Reliance Industries Limited (RIL).
The Export-Import Bank of the United States (US Ex-Im) has strengthened its leadership team with the appointment of Robert Morin as senior vice president for business and development, while Robert Roy has been promoted to vice president for the transportation division.
Guest post, CC solutions: In the context of trade negotiations between China and the European Union, the EU's trade chief reiterated the importance of China committing to working on the development of international guidelines on export financing.
Sumitomo Mitsui Banking Corporation (SMBC) and the Japan Bank for International Cooperation (JBIC) have teamed to provide an export credit financing amounting to ¥6 billion ($59 million) to Yilport Holding (Yilport) in Turkey.
Export Development Canada (EDC) has provided Turkey’s Ak Finansal Kiralama (AkLease) with a $10 million credit line to create opportunities for Canadian equipment makers
Brazil’s Banco Pine will benefit from a $115 million loan from Commerzbank and the Inter-American Development Bank (IADB), which it will use for onlending to support environmentally sustainable projects in the South American country.
Project development company Lake Turkana Wind Power (LTWP) has signed the financing documents amounting to €623 million ($859 million) with a group of financial institutions for the 300 MW wind Lake Turkana Wind project in Kenya to proceed.
The C$850 million ($771.4 million) K2 Wind Power project in Ontario, Canada has reached financial close.
The Export-Import Bank of the United States (US Ex-Im) has signed a $1 billion Memorandum of Understanding (MoU) with the Philippine Department of Energy (DOE) that will facilitate the sale of US goods and services to energy projects in the Philippines.
Kuala Lumpur-headquartered ~Cosmos Chemicals Berhad^ has signed a $336 million technology and equipment deal with US-based GT Advanced Technologies (GTAT) for a polysilicon facility being built in Samalaju Industrial Park in Sarawak, Malaysia.
South African headquartered bank Investec has closed a major financing, including senior debt guaranteed by the Export-Import Bank of the United States (US Ex-Im), to Air India for the lease of four Boeing 787 Dreamliner jets, TXF has learnt from industry sources.
One of Norway’s leading marine services providers, Petroleum Geo-Services (PGS), has secured export finance from Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) for two Ramform Titan-class vessels scheduled for delivery in 2015.
ING-DiBa AG (ING Bank) and Crédit Agricole Corporate & Investment Bank Deutschland (CACIB) have arranged two export credit financings for Russian power generating company RusHydro. The credits total €190 million ($263 million), and will be used for the modernisation of the Saratovskaya HPP (hydro-electric power plant).
Zambia Electricity Supply Corporation (Zesco) has signed a $163 million export financing agreement with Nordea and Standard Bank to finance the company’s north-western electricity supply grid extension project.
The European Bank for Reconstruction and Development (EBRD) has agreed to extend a senior loan of $200 million to Lukoil Overseas Shah Deniz (LSD), a wholly-owned subsidiary of Lukoil Overseas, the operator of Lukoil's overseas upstream projects.
The IFC is arranging financing to support the continued development of sustainable forestry in Guangxi, China for Stora Enso’s integrated state-of-the-art plantation, pulp and packaging board mill project. The Finland-headquartered company will receive new equity and debt financing.
Seaborn Networks (Seaborn) has mandated French bank Natixis to arrange the financing for Seaborn’s new submarine cable project, known as Seabras-1, linking commercial and financial centres of Brazil and the United States.
Singapore-headquartered LPG (liquefied petroleum gas) shipping and logistics company, Petredec, has finalised a $200 million export finance credit facility for the purchase of four 84,000 CBM LPG carriers under construction at Hyundai Heavy Industries (HHI) in South Korea.
Saudi Arabian telecommunications company Mobily (Etihad Etisalat) has agreed two new financings amounting to SAR2.1 billion ($560 million) backed by the export credit agencies (ECAs) of Finland and Sweden, Finnvera and EKN respectively, for the purchase of equipment from Nokia Siemens Networks (NSN) and Ericsson.
The European Bank for Reconstruction and Development (EBRD) has joined forces with Nordea Bank to support a €123 million ($170 million) modernisation of two manufacturing plants owned by Oil & Gas Systems (OGS), one of Russia’s largest pipeline valve producers.
Germany’s KfW IPEX-Bank (KfW) is providing a $109 million loan to Mississippi Silicon for the construction of a silicon metal manufacturing plant in the United States. SMS Siemag, the specialised metallurgical plant and mechanical engineering company based in Düsseldorf, will produce the arc furnace, the key component required for the new plant’s production process.
The Export-Import Bank of the United States has guaranteed a $300 million loan by the Apple Bank for Savings to China’s Minsheng Financial Leasing (MSFL) for the purchase of eight Gulfstream Aerospace aircraft. The deal means US Ex-Im has now supported more than $1 billion in financing for US-made business aircraft and helicopters since the start of the 2012 financial year.
India’s largest steel company, JSW Steel, has received an export finance loan of approximately €15 million ($21 million) that will allow it to expand its production site in Vijayanagar, south India. The loan has a tenor of 8.5 years.
Australian satellite company, NewSat, has reached financial close with the Export-Import Bank of the United States (US Ex-Im) and France’s Coface for $390.1 million of direct debt funding for the Jabiru-1 satellite project.
NOP Agrowind has secured €350 million ($480 million) in loans to construct 26 wind turbines in the Netherlands from a consortium of Rabobank, KfW IPEX-Bank and the European Investment Bank (EIB).
Commodity trader Trafigura has announced its intention to invest in and build its regional hub in Montevideo, Uruguay, to complement regional offices already established in Houston, Geneva and Singapore. The Montevideo office will become the group’s Latin American (LatAm) regional hub.
KfW IPEX-Bank and BayernLB have signed a loan agreement with Usinas y Trasmisiones Eléctricas(UTE), Uruguay's state-owned power utility, to fund part of the development of the Pampa wind farm in the Tacuarembo department of the country.
The San Marcos wind project in Honduras, owned by Vientos de Eletrotecnia, a member of Grupo Terra, has secured $127.5 million in senior debt financing.
Canada’s export credit agency, Export Development Canada (EDC), has continued its expansion across the Andes with the establishment of a permanent representative office in Bogota, Colombia. The move has been made in anticipation of an infrastructure boom in Colombia.
India’s National Thermal Power Company (NTPC), the country’s largest power provider, has secured $430 million in financing after signing two loan agreements with the Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC).
Morocco’s Office National de l'Electricité et de l'Eau Potable (ONEE) is to receive a €65 million ($88 million) sovereign guaranteed loan from the European Bank for Reconstruction and Development (EBRD) to increase the supply of drinking water in the North African country.
KfW IPEX-Bank and AWAS Aviation Capital have closed the seventh financing under their eight aircraft ECA supported financing facility.
Standard Chartered (StanChart) has arranged two loans totalling €160 million ($215 million) for Perusahaan Listrik Negara (PLN), Indonesia’s national electricity company, to finance the production of two gas power plants that will include 35 Wärtsilä 34SG gas-fired generating sets.
Asia’s leading business aircraft leasing company, Minsheng Financial Leasing (MSFL), has received a $210 million loan from Canada’s export credit agency, Export Development Canada (EDC), to facilitate its leasing of two business jets from Canadian aerospace company Bombardier.
The European Bank for Reconstruction and Development (EBRD) has led the refinancing of a strategic Hungarian gas storage facility, after majority stakeholder MOL sold its stake in the unit to the Hungarian Development Bank and the Hungarian Hydrocarbon Stockpiling Association. The deal signals something of a return for project financing in Central and Eastern Europe.