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Mississippi Silicon to construct metal plant with KfW financing
Mississippi Silicon to construct metal plant with KfW financing
Hesham Zakai
24 February 2014

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.

US Ex-Im guarantees landmark Apple Bank aircraft loan to MSFL
US Ex-Im guarantees landmark Apple Bank aircraft loan to MSFL
Hesham Zakai
21 February 2014

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.

KfW provides JSW Steel with loan for site expansion
KfW provides JSW Steel with loan for site expansion
Hesham Zakai
19 February 2014

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.

Australia’s NewSat reaches financial close on Jabiru-1 satellite
Australia’s NewSat reaches financial close on Jabiru-1 satellite
Jonathan Bell
17 February 2014

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.

Agrowind project financed by Rabobank, KfW and EIB
Agrowind project financed by Rabobank, KfW and EIB
Hesham Zakai
14 February 2014

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).

Trafi to build LatAm hub in Montevideo
Trafi to build LatAm hub in Montevideo
Jonathan Bell
10 February 2014

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.

JB's weekly round-up - 12 February 2014
JB's weekly round-up - 12 February 2014
Jonathan Bell
10 February 2014

Hoorah, the winter Olympics are underway, and thank you Mr Deripaska et al and other mega-rich Russians for involvement in the infrastructure development there.

KfW and BayernLB finance Uruguay’s Pampa wind farm
KfW and BayernLB finance Uruguay’s Pampa wind farm
Jonathan Bell
10 February 2014

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.

KfW funds ship exports to Viking River Cruises
KfW funds ship exports to Viking River Cruises
Jonathan Bell
7 February 2014

KfW IPEX-Bank is providing the funding for Swiss-American river-cruise line Viking River Cruises (VRC) to import twelve new river-cruise ships which are being built at the Neptun Werft shipyard in Rostock, Germany

Financing secured for San Marcos wind farm in Honduras
Financing secured for San Marcos wind farm in Honduras
Jonathan Bell
6 February 2014

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.

KfW to finance Meyer Werft-built RCCL cruise ship
KfW to finance Meyer Werft-built RCCL cruise ship
Hesham Zakai
6 February 2014

KfW IPEX-Bank is financing a cruise ship commissioned by Royal Caribbean Cruises (RCCL) to be built by Meyer Werft – the third Quantum-class cruise ship built at the Papenburg shipyard for the Florida-based cruise company.

EDC opens in Bogota to tap further business in the region
EDC opens in Bogota to tap further business in the region
Hesham Zakai
5 February 2014

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.

NTPC secures power financing from JBIC and SMBC
NTPC secures power financing from JBIC and SMBC
Hesham Zakai
4 February 2014

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).

Moroccan juice producer Citruma receives EBRD loan
Moroccan juice producer Citruma receives EBRD loan
Hesham Zakai
3 February 2014

Moroccan juice producer Citruma has received €5.5 million ($7.4 million) in financing from the European Bank for Reconstruction and Development (EBRD), to fund the expansion of its product offering and operations.

EBRD provides drinking water loan to Morocco’s ONEE
EBRD provides drinking water loan to Morocco’s ONEE
Hesham Zakai
31 January 2014

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 and AWAS close penultimate ECA-backed financing
KfW and AWAS close penultimate ECA-backed financing
Hesham Zakai
28 January 2014

KfW IPEX-Bank and AWAS Aviation Capital have closed the seventh financing under their eight aircraft ECA supported financing facility.

Isuzu Motors gets bank and JBIC support for Indonesian sales
Isuzu Motors gets bank and JBIC support for Indonesian sales
Jonathan Bell
22 January 2014

The Japan Bank for International Cooperation (JBIC) and a commercial bank group have arranged a loan of $68 million for the Indonesian government to purchase trucks from PT Isuzu Astra Motor Indonesia (IAMI); an affiliate of Isuzu Motors of Japan.

StanChart and Finnvera combine for loans to Indonesia’s PLN
StanChart and Finnvera combine for loans to Indonesia’s PLN
Hesham Zakai
22 January 2014

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.

MSFL leases Bombardier jets using EDC financing
MSFL leases Bombardier jets using EDC financing
Hesham Zakai
22 January 2014

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.

Russia’s PhosAgro signs ECA-backed credit line
Russia’s PhosAgro signs ECA-backed credit line
Jonathan Bell
17 January 2014

Russian fertiliser production company, PhosAgro, has signed a $440.6 million loan package with an international group of banks, supported by the Japanese agencies Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (Nexi) – under a co-financing arrangement.

EBRD leads refinancing for Hungarian gas storage facility
EBRD leads refinancing for Hungarian gas storage facility
Hesham Zakai
16 January 2014

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.

KfW and NordLB finance Siemens power units to South Korea
KfW and NordLB finance Siemens power units to South Korea
Jonathan Bell
15 January 2014

KfW IPEX-Bank and NordLB have teamed to structure export credit agency-backed financing of €194 million ($263.7 million) to finance German power plants to South Korea.

Former Atradius MD Johan Schrijver founds consultancy
Former Atradius MD Johan Schrijver founds consultancy
Hesham Zakai
15 January 2014

Johan Schrijver, the former managing director of the Dutch export credit agency Atradius, has set up a new consultancy, Schrijver & Partners, to advise businesses and government institutions on export finance, project finance and credit insurance.

Nexi provides credit insurance for export of bulk carrier
Nexi provides credit insurance for export of bulk carrier
Hesham Zakai
13 January 2014

Japan’s Nippon Export and Investment Insurance (Nexi) has provided a $12.3 million buyer’s credit insurance on loans extended to Bahama-based African Kite Shipping. The insurance will help to facilitate the shipping company’s purchase of a bulk carrier built by Japanese company Imabari Shipbuilding.

Jordan’s HBTF secures loan from Kexim
Jordan’s HBTF secures loan from Kexim
Hesham Zakai
10 January 2014

Jordan’s second largest commercial bank, the Housing Bank for Trade and Finance (HBTF), has secured a $50 million loan from the Export-Import Bank of Korea (Kexim).

ING closes debut loan financing for Mongolian Airlines
ING closes debut loan financing for Mongolian Airlines
Jonathan Bell
9 January 2014

The New York office of ING Capital has closed a US Export-Import Bank (US Ex-IM) backed and junior loan financing for MIAT Mongolian Airlines> The proceeds will refinance a new Boeing 767-300ER aircraft

Sovcomflot secures finance for LNG carriers
Sovcomflot secures finance for LNG carriers
Jonathan Bell
8 January 2014

Russian shipping company Sovcomflot (SCF Group) has signed a new $316 million credit facility for the purchase of two new ice-class LNG (liquefied natural gas) carriers. The vessels - LNG carriers Velikiy Novgorod and Pskov - will operate on long-term contracts with Gazprom Global LNG.

KfW finances aircraft for Nordic Aviation
KfW finances aircraft for Nordic Aviation
Hesham Zakai
7 January 2014

KfW IPEX-Bank has closed the first two transactions under a new three aircraft bilateral financing facility for Nordic Aviation Capital (NAC).

Korean agencies combine with GIEK for North Sea FPSO
Korean agencies combine with GIEK for North Sea FPSO
Hesham Zakai
7 January 2014

Korean agencies the Export-Import Bank of Korea (Kexim) and K-sure have combined with the Norwegian Guarantee Institute for Export Credits (GIEK) to provide financing for a North Sea Floating Production Storage and Offloading (FPSO) vessel.

Enel signs loan with Citi and EKF for Chilean wind farm
Enel signs loan with Citi and EKF for Chilean wind farm
Jonathan Bell
6 January 2014

Italy’s Enel Green Power (EGP), acting through its subsidiary Enel Green Power International (“EGPI”), has signed a €100 million ($136 million) loan agreement with Citi and the Danish export credit agency EKF

UPDATE: Further detail on Lukoil Bulgarian refinery financing
UPDATE: Further detail on Lukoil Bulgarian refinery financing
Jonathan Bell
3 January 2014

Further to our earlier report on the financing secured for the Lukoil Neftochim Burgas (LNB) in Bulgaria, the financing parties involved have today issued a formal press release, which provides a couple of additional details.

VEB and Natixis fund Sukhoi Superjet exports to Mexico
VEB and Natixis fund Sukhoi Superjet exports to Mexico
Jonathan Bell
24 December 2013

Russia’s Vnesheconombank (VEB) and Natixis of France have led a consortium of international banks in the signing of a credit agreement on extending syndicated loans to fund the supply of Sukhoi Superjet 100 aircraft to Mexico’s second largest carrier Interjet Airlines.

Final investment decision made on Yamal LNG project
Final investment decision made on Yamal LNG project
Jonathan Bell
23 December 2013

Russia’s Novatek and Total have approved a final investment decision (FID) for the Yamal LNG (liquefied natural gas) project, consisting of the development of the South-Tambeyskoye gas condensate field and the construction of a natural gas liquefaction plant on the Yamal Peninsula in Russia.

JP Morgan provides loan to VTB Leasing for mining equipment
JP Morgan provides loan to VTB Leasing for mining equipment
Mayur Pande
23 December 2013

VTB Leasing and JP Morgan Chase Bank. signed a loan agreement to support the sale of US-manufactured P&H mining equipment to Russia. JP Morgan is providing a seven-year, $53 million loan, with VTB Leasing acting as the borrower.

UASC closes landmark ship financing
UASC closes landmark ship financing
Jonathan Bell
20 December 2013

United Arab Shipping Company (UASC) has closed a $1.251 billion multi-tranche syndicated loan facility for the partial financing container ships. The transaction is for seven x 14,000 TEU container ships and five x 18,000 TEU container ships. The facility is part of a larger $1,744 billion debt financing related to UASC’s announced $2.3 billion capital expenditure programme for 17 newbuild container vessels including, in total, 11 x 14,000 TEU and 6 x 18,000 TEU vessels.

Barclays closes financing for Biwater BVI project
Barclays closes financing for Biwater BVI project
Jonathan Bell
20 December 2013

Biwater, the UK-based engineering, water and wastewater company, has secured $43 million in project financing from Barclays to fund the construction of a seawater desalination plant, water storage and wastewater treatment facilities on Tortola, the largest and most populated island of the British Virgin Islands (BVI).

Saudi Arabia’s SEC signs first loans for Jeddah South
Saudi Arabia’s SEC signs first loans for Jeddah South
Jonathan Bell
19 December 2013

Saudi Arabian state-owned Saudi Electricity Company (SEC) has signed the first loans related to the development of the South Jeddah Power Project. The loans, signed in Tokyo amount to $366 million, and are co-financed between the Japan Bank for International Cooperation (JBIC) and commercial banks.

Kazakh railways gets EBRD loan
Kazakh railways gets EBRD loan
Mayur Pande
19 December 2013

The European Bank for Reconstruction and Development (EBRD) is providing (KTZ), the national railways company with a $ 40 million loan.

US Ex-Im approves direct loan for Australia’s Roy Hill Mine
US Ex-Im approves direct loan for Australia’s Roy Hill Mine
Jonathan Bell
19 December 2013

The Export-Import Bank of the United States (US Ex-Im) has given approval for a $694.4 million loan to Roy Hill Holdings of Australia to be used for the purchase of US-manufactured mining and rail equipment from Caterpillar, GE, and Atlas Copco.

Ex-Im Bank arranges Boeing export to Mongolia
Ex-Im Bank arranges Boeing export to Mongolia
Mayur Pande
19 December 2013

The Export-Import Bank of the United States (US Ex-Im) has finalised an agreement with MIAT Mongolian Airlines (MIAT) for the export of a US Boeing 767-300ER aircraft with GE engines to MIAT.

Aureus Mining signs finance facilities for Liberian mine
Aureus Mining signs finance facilities for Liberian mine
Jonathan Bell
17 December 2013

Aureus Mining has signed the $88 million project finance loan facility agreement with the South African banks Nedbank Limited and Rand Merchant Bank (RMB). It has also signed a subordinated loan facility agreement for $12 million with RMB Resources.

US Ex-Im and EGAP combine for GE exports to Israel
US Ex-Im and EGAP combine for GE exports to Israel
Jonathan Bell
17 December 2013

The Export-Import Bank of the United States (US Ex-Im) and the Export Guarantee and Insurance Corporation (EGAP), the export credit agency of the Czech Republic, have pooled resources to back US and Czech power equipment exports to Israel.

Pakistan secures power grid loans from ADB
Pakistan secures power grid loans from ADB
Hesham Zakai
17 December 2013

The Asian Development Bank (ADB) is providing two loans to Pakistan to help deliver reliable, cost-effective electricity to domestic and business consumers.

Poland’s Pawlowo wind farm receives EBRD funding
Poland’s Pawlowo wind farm receives EBRD funding
Mayur Pande
16 December 2013

The European Bank for Reconstruction and Development (EBRD) is supporting phase I of the construction and operation of a wind farm in North West Poland with a loan of up to PLN 301 million ($98.6 million). The investment will support Poland’s efforts to increase its generation of renewable energy.

AES Gener concludes financing for Alto Maipo HEP
AES Gener concludes financing for Alto Maipo HEP
Mayur Pande
16 December 2013

Power company AES Gener, the Chilean subsidiary of US-based AES Corporation, and Chilean copper mining company Antofagasta Minerals (AMSA) have signed the financing agreement for the 531MW Alto Maipo hydro-electric power (HEP) project, east of Santiago in Chile.

EBRD provides loan for Croatian rail upgrade
EBRD provides loan for Croatian rail upgrade
Max Carter
16 December 2013

The European Bank for Reconstruction and Development (EBRD) is providing a €40 million ($54.7 million) loan to Hrvatske Zeljeznice Infrastruktura (HZ Infrastructure), the Croatian national railway infrastructure company, for the acquisition of track maintenance machinery and to support the company’s restructuring programme.

Financing signed for Kuwait’s Az-Zour power project
Financing signed for Kuwait’s Az-Zour power project
Jonathan Bell
13 December 2013

Sumitomo Corporation in collaboration with GDF Suez and Abdullah Hamad Al Sagar & Bros have signed the project financing for the first phase of Kuwait's first independent public-private partnership (IPPP) - the Az-Zour North (AZN1) power and desalination project.

Kexim strikes agreements with French institutions
Kexim strikes agreements with French institutions
Mayur Pande
10 December 2013

The Export-Import Bank of Korea (Kexim) has signed agreements for increased cooperation in third-country projects with three French organisations that occupy key positions in development finance, the oil industry, and commercial banking. The agreements are with development finance institution Proparco, oil major Total, and commercial bank Société Générale CIB (SG CIB).

JB's weekly round-up - 9 December 2013
JB's weekly round-up - 9 December 2013
Jonathan Bell
9 December 2013

tagmydeals is a free of charge, user-generated database covering deals in trade, export and project finance. Following months of consultation with many of you (something we really appreciate), we have built something that the industry will hopefully find new and genuinely useful.

Russian power sector gets EBRD local currency loan
Russian power sector gets EBRD local currency loan
Jonathan Bell
6 December 2013

Russia’ power sector is to get a major boost with a 12-year, €100 million ($136 million) loan from the European Bank for Reconstruction and Development (EBRD)to assist with the modernisation of the power infrastructure in the Russian Far East. The borrower of record is RusHydro. The loan is the bank’s first power distribution project in its largest country of operation.