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Höegh LNG signs facility for Lampung FSRU
Höegh LNG signs facility for Lampung FSRU
Jonathan Bell
18 September 2013

Höegh LNG Holdings has agreed a $310 million limited recourse finance facility with five banks for the financing of the Lampung LNG Floating Storage and Regasification Unit (FSRU) and mooring project in Indonesia.

EBRD signs loan for Ukrainian wind
EBRD signs loan for Ukrainian wind
Mayur Pande
17 September 2013

The European Bank for Reconstruction and Development (EBRD) has signed a €33.3 million ($44.2 million) loan for the development of the Novoazovskiy Wind Park in the Donetsk region of Ukraine. The project has also won approval for a parallel loan from the Clean Technology Fund (CTF) of up to €15.5 million.

U-Ming secures JBIC and Citi co-financing
U-Ming secures JBIC and Citi co-financing
Mayur Pande
16 September 2013

Taiwan Stock Exchange-listed shipping operator U-Ming Marine Transport has secured buyer credit agreements for the purchase of three 84,000DWT class bulk carriers from Sumitomo Corporation.

The total value of the deal is approximately $81.1 million, equally split between JBIC and Citibank Japan. Nippon Export and Investment Insurance (Nexi) is providing buyer credit insurance for the Citi portion.



Nedbank and Rand to fund New Liberty Gold
Nedbank and Rand to fund New Liberty Gold
Jonathan Bell
16 September 2013

South African banks Nedbank and Rand Merchant Bank are to provide Aureus Mining with a $100 million debt financing package to develop its flagship New Liberty Gold project in Liberia.

Spain’s Telefonica closes Finnvera-backed loan for Nokia equipment
Spain’s Telefonica closes Finnvera-backed loan for Nokia equipment
Mayur Pande
13 September 2013

Telefonica, the Spanish telecommunications company, has closed the ECA-backed financing for the purchase of infrastructure equipment from Finland’s Nokia Solutions and Networks.

K-sure launches new bond insurance scheme for shipyards
K-sure launches new bond insurance scheme for shipyards
Jonathan Bell
11 September 2013

In a bid to increase the competitiveness of local shipyards, South Korea’s export credit agency K-sure, has launched the K-sure covered bond programme – known as Ship Bond Insurance. According to K-sure officials the programme will lead to easier funding for shipowners.

EBRD loan for Budapest public transport
EBRD loan for Budapest public transport
Jonathan Bell
6 September 2013

The European Bank for Reconstruction and Development (EBRD) has agreed to provide a €54.5 million ($71.8 million) loan to the publicly-owned Budapesti Közlekedési Központ Zártkörűen Működő Részvénytársaság (BKK), for the development and implementation of a modern automated fare collection system for public transport users in Budapest

Dangote secures mega-loan for Nigerian refinery
Dangote secures mega-loan for Nigerian refinery
Jonathan Bell
6 September 2013

In a landmark transaction and development for Nigeria and West Afirca, Nigeria’s Dangote Industries has signed a medium-term $3.3 billion loan agreement with a consortium of both local and international banks to construct the biggest petroleum oil refinery and petrochemical/ fertiliser plants in Nigeria.

PetroVietnam signs buyer credit for steam turbines
PetroVietnam signs buyer credit for steam turbines
Jonathan Bell
29 August 2013

The Vietnam Oil and Gas Group (PetroVietnam) has signed a buyer’s credit financing with the Japan Bank for International Cooperation (JBIC) and commercial banks to finance the import of steam turbines and other equipment. The overall financing amounts to $141 million, of which JBIC

EKF teams with pension fund for Armenia mine finance
EKF teams with pension fund for Armenia mine finance
Dan Sheriff
26 August 2013

Denmark’s export credit agency Eksport Kredit Fonden (EKF) has teamed with PensionDanmark to secure finance for Danish equipment for a mine project in Armenia. The arrangement involves pension fund PensionDanmark which is making DK350 million ($62 million)

US Ex-Im grants new direct loan for SpaceX launch
US Ex-Im grants new direct loan for SpaceX launch
Jonathan Bell
23 August 2013

The Export-Import Bank of the United States (US Ex-Im) has approved a $105.4 million direct loan to Space Communication of Ramat Gan, Israel, to finance the Space Exploration Technologies (SpaceX) launch of the Amos-6 communications satellite, the purchase of US-made solar arrays, and insurance brokered by Marsh USA (Marsh).

IADB provides loan for Buenos Aires rail system
IADB provides loan for Buenos Aires rail system
Dan Sheriff
16 August 2013

The Inter-American Development Bank (IADB) has approved a $1.2 billion credit line to finance a programme to improve metropolitan railroads in Argentina. The bank also approved the first loan in the credit line for $300 million for the Plaza Constitución–La Plata branch of the General Roca Railroad,

Pacific Basin Shipping secures export credit financing
Pacific Basin Shipping secures export credit financing
Mayur Pande
16 August 2013

Hong Kong-headquartered Pacific Basin Shipping (Pacific Basin) has secured post-delivery export credit agency (ECA) financing in respect of two handymax vessels. The two handymax vessels are already part of the Pacific Basin new-build fleet and scheduled to deliver by the end of 2013.

EBRD finances metro trains for Kiev
EBRD finances metro trains for Kiev
Dan Sheriff
15 August 2013

Kiev Metropolitan has unveiled new trains which will enter service this month on the city’s network in a project funded by the European Bank for Reconstruction and Development (EBRD). The EBRD is providing a €40 million ($53 million) loan to Kiev Metropolitan to finance the acquisition of up t

Rio Tinto appoints financial adviser for Oyu Tolgoi power plant
Rio Tinto appoints financial adviser for Oyu Tolgoi power plant
Jonathan Bell
14 August 2013

Rio Tinto has appointed a financial adviser for a new 450MW captive coal-fired power plant at its Oyu Tolgoi copper and gold mining project in Mongolia. Société Générale CIB (SG CIB) has been mandated to help in the bidding and financing of the captive power plant, which will supply electricity to the mine. Rio Tinto is expected to issue a request for proposals later this year and hopes to start construction of the power plant in 2014.

Innergex closes financing for Viger-Denonville wind project
Innergex closes financing for Viger-Denonville wind project
Jonathan Bell
13 August 2013

Project sponsor, Innergex Renewable Energy (Innergex) has closed the C$61.7 million ($59.7 million) non-recourse project financing for the 24.6MW Viger-Denonville Community Wind Farm located in Quebec, Canada. The financing has a tenor of 18-years, closely matching the duration of the contract to purchase electricity from the project.

KfW IPEX-Bank provides loan for Uruguayan wind farm
KfW IPEX-Bank provides loan for Uruguayan wind farm
Mayur Pande
12 August 2013

KfW IPEX-Bank has signed a $79.50 million loan to finance a wind farm in Uruguay, in what is the bank’s first ever non-recourse financing in the Latin American country. The project finance loan has a tenor of 17-years and is to Akuo Energy. The funds will finance the erection

Financing secured for Panama’s first wind farm
Financing secured for Panama’s first wind farm
Dan Sheriff
8 August 2013

Joint sponsors Goldwind International Holdings (HK) Limited and Unión Eólica Panameña (UEP) have secured financing for Panama’s first wind farm.

KfW and SEB team for Swedish wind project
KfW and SEB team for Swedish wind project
Mayur Pande
5 August 2013

KfW IPEX-Bank and SEB (Frankfurt) have signed to provide financing for part of the development of the largest onshore European wind energy project Markbygden in the north of Sweden. The loan financing of €84.5 million ($112 million) for the sub-project Skogberget will be provided by both banks in equal shares. The loan has a tenor of 13.5 years.

German suppliers named for Sadara
German suppliers named for Sadara
Mayur Pande
2 August 2013

German manufacturers providing equipment and services to the Sadara Chemical Company (Sadara), under construction in Jubail Industrical City II in the Eastern province of Saudi Arabia (TXF News 17 June 2013) are expected to provide supplies amounting to approximately $600 million - $700 million.

Financing for North Sky River wind project signs
Financing for North Sky River wind project signs
Mayur Pande
2 August 2013

Next Era Energy Resources has signed the financing for its North Sky River Energy wind farm in California. The term loan amounts to $253.5 million, and has a tenor of 18 years.

JBIC loans for acquisition of Jimblebar iron ore mine
JBIC loans for acquisition of Jimblebar iron ore mine
Mayur Pande
31 July 2013

The Japan Bank for International Cooperation (JBIC) has today signed two loan agreements to help Japanese companies purchase interests in the Jimblebar Iron Ore Mine in Western Australia. The JBIC overall loan amounts to the equivalent of $793 million. The first loan is approximately $436 million from JBIC to Mitsui & Co Iron

Kazakh rail sector boost with EBRD loan
Kazakh rail sector boost with EBRD loan
Mayur Pande
30 July 2013

The European Bank for Reconstruction and Development (EBRD) is providing the private Kazakh rail company JSC Olzha with a $24.8 million loan to support the development and growth of the company. Thomas Maier, EBRD managing director

Project financing agreed for Omani desalination plant
Project financing agreed for Omani desalination plant
Mayur Pande
26 July 2013

The consortium contracted to build the Al Ghubrah Seawater Desalination Project in Oman has yesterday signed a project financing agreement with Sumitomo Mitsui Banking Corporation (SMBC), The Bank of Tokyo-Mitsubishi UFJ (BTMU) and The Japan Bank for International Cooperation (JBIC).

Banks and EBRD team for Romanian telecoms
Banks and EBRD team for Romanian telecoms
Mayur Pande
24 July 2013

COSMOTE Romania – the country’s third-largest mobile operator and a subsidiary of the Hellenic Telecommunications Organisation (OTE), the Greek incumbent and leading south-east Europe telecom operator – has signed to receive a €225 million ($297 million) financing arranged

Kexim signs loan agreement with Africa’s DBSA
Kexim signs loan agreement with Africa’s DBSA
Dan Sheriff
23 July 2013

The Export-Import Bank of Korea (Kexim), the South Korean export credit agency has signed a $50 million untied two-step loan agreement with the Development Bank of Southern Africa (DBSA)*.

Tanzania gets Kexim loan for e-government project
Tanzania gets Kexim loan for e-government project
Dan Sheriff
23 July 2013

The Export-Import Bank of Korea (Kexim) has signed an agreement with the government of Tanzania to provide a $54.3 million loan for the funding of Tanzania’s National ID System Data Centre Project.

Petrobras signs financing package with Japanese institutions
Petrobras signs financing package with Japanese institutions
Jonathan Bell
16 July 2013

Brazilian oil company Petrobras has signed two financing programmes with the Japan Bank for International Cooperation (JBIC) for the offer of two lines of credit amounting to $1.5 billion.

Sace guarantees financing for Eskom’s Ingula contracts
Sace guarantees financing for Eskom’s Ingula contracts
Dan Sheriff
15 July 2013

Italy’s export credit agency Sace is guaranteeing loans in favour of Eskom Holdings (Eskom), the South African energy public utility wholly, related to some of the commercial contracts for the pump storage power plant of Ingula. The two loans, which cover part of the commercial works, amount to €300 million ($401 million).

HSBC and US Ex-Im finance farm equipment to China
HSBC and US Ex-Im finance farm equipment to China
Dan Sheriff
11 July 2013

The two separate loans from HSBC total $55.6 million. Both loans are backed with comprehensive guarantees from the Export-Import Bank of the United States (US Ex-Im).

Nedbank funds GE loco exports to South Africa
Nedbank funds GE loco exports to South Africa
Dan Sheriff
8 July 2013

The Export-Import Bank of the United States (US Ex-Im) has agreed to provide guarantees for a new financing package arranged for South Africa’s freight rail and logistics company Transnet for the purchase of 53 American-made General Electric (GE) locomotives.

Morgan Lewis expands banking practice in Moscow
Morgan Lewis expands banking practice in Moscow
Mayur Pande
8 July 2013

International law firm Morgan Lewis has expanded its banking practice in Moscow with the recruitment of a team of eight from law firm Gide Loyrette Nouell. The group is led by partners Grigory Marinichev - the former head of the banking and finance and restructuring practices at Gide - and Konstantin Kochetkov, a leading project finance lawyer. A further six associates make up the remainder of the group.

Proparco finances Chile's first solar power projects
Proparco finances Chile's first solar power projects
Dan Sheriff
28 June 2013

Proparco has signed a $25 million senior loan to finance two solar power plants in the mining region in northern Chile. The two plants, developed and owned by Solarpack Chile, have a total capacity of 26.5MW and are Chile’s first operational solar projects of such a scale.

US Exim authorises funds for Ethiopian Airlines
US Exim authorises funds for Ethiopian Airlines
Mayur Pande
27 June 2013

The Export-Import Bank of the United States (Ex-Im Bank) has authorised nearly $130 million in financing to support the export of Boeing aircraft and installed GE-90 engines to Ethiopian Airlines. The transaction will support an estimated 700 American

Golar LNG secures ship finance
Golar LNG secures ship finance
Mayur Pande
25 June 2013

Bermuda-headquartered shipping company Golar LNG Partners, a subsidiary of Norway’s Golar LNG, has secured a $275 million, five-year term loan for its shipping activities.

StanChart finances Malaysian solar projects
StanChart finances Malaysian solar projects
Mayur Pande
25 June 2013

Standard Chartered Bank (StanChart) and a Malaysian company sponsored by SunEdison, together with Malaysia-based Sun Energy Ventures have signed MYR134 million ($41 million) loan facilities for two solar projects (10MW and 5MW) in Malaysia.

EBRD pledges more funds for Mongolian wind projects
EBRD pledges more funds for Mongolian wind projects
Dan Sheriff
20 June 2013

The European Bank for Reconstruction and Development (EBRD) is pledging to invest a further $50 million in new wind power projects in Mongolia. The announcement comes as the first commercial wind farm in Mongolia is connected to the electricity grid and is now generating electricity. The a 50MW Salkhit wind farm outside of the capital Ulaanbaatar was funded by debt and equity finance from the EBRD to the tune of $47 million.

Sadara signs remaining project finance tranches
Sadara signs remaining project finance tranches
Mayur Pande
17 June 2013

Sadara Chemical Company (Sadara), Dow Chemical Company’s joint venture with Saudi Arabian Oil Company (Saudi Aramco), has signed the remaining debt financing related to its project financing for the Sadara integrated chemicals complex in Jubail Industrial City II, in the eastern province of the Kingdom of Saudi Arabia.

Kexim pledges more funds for shipbuilding loans
Kexim pledges more funds for shipbuilding loans
Dan Sheriff
13 June 2013

The Export-Import Bank of Korea (Kexim) has declared it will increase the amount of ship construction loans to be extended to domestic shipyards this year by KRW500 billion ($449 million) to KRW4 trillion ($1.8 billion) in order to bring relief to South Korea’s troubled shipbuilding industry.

Ukraine’s largest biogas project to get EBRD funds
Ukraine’s largest biogas project to get EBRD funds
Dan Sheriff
6 June 2013

The European Bank for Reconstruction and Development (EBRD) is arranging financing of a €4.2 million ($5.6 million) facility to construct and put into operation a 1.5MW biogas plant at the privately owned agribusiness company Ecoprod, located in the Donetsk region, in eastern Ukraine.

Financing signed for Vietnam’s Nghi Son Refinery
Financing signed for Vietnam’s Nghi Son Refinery
Dan Sheriff
5 June 2013

The debt financing for Vietnam’s Nghi Son Refinery and Petrochemical (NSRP) complex to be constructed in the Nghi Son Economic Zone in Thanh Hoa province, Vietnam has been signed. The overall project has an estimated cost of $9 billion

JBIC credit line for Turkey’s DenizBank
JBIC credit line for Turkey’s DenizBank
Dan Sheriff
5 June 2013

Turkey’s DenizBank has signed a $25 million credit line the Japan Bank for International Cooperation (JBIC), designed to support renewable energy and energy efficiency projects in Turkey. Under the arrangement, JBIC is providing $15 million, and in a co-financing transaction Mizuho Corporate Bank acting as

AsiaSat receives direct loan financing from US Ex-Im
AsiaSat receives direct loan financing from US Ex-Im
Mayur Pande
3 June 2013

The Export-Import Bank of the United States (Ex-Im Bank) has authorised a $343.3 million direct loan to Asia Satellite Telecommunications (AsiaSat) to finance the purchase of two communications satellites designed and built by Space Systems/Loral (SSL) in Palo Alto, California.

State Bank of India gets Japanese credit line for renewables
State Bank of India gets Japanese credit line for renewables
Dan Sheriff
30 May 2013

The Japan Bank for International Cooperation (JBIC) has signed an untied loan agreement for a credit line amounting up to $90 million with State Bank of India (SBI), the largest state-owned commercial bank in terms of assets and incorporated in India.

ADB provides further support to Pakistan power sector
ADB provides further support to Pakistan power sector
Jonathan Bell
24 April 2013

The Asian Development Bank (ADB) has approved a $400 million loan to support the government of Pakistan's reforms to tackle the country’s chronic energy crisis which has crippled industries and caused social unrest.

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Test article 2
James Petras
27 November 2010

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