TXF Stages for Change 2021
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Mining company First Quantum Minerals has completed a new $1.8 billion term loan and revolving credit facility with its core relationship banks that gives it revised financial covenants and an extended amortisation schedule.
The order for four very large gas carriers from Hyundai Heavy Industries is riding on the coat tails of a decade of expansion for Korea’s shipbuilders. But concerns about overcapacity are hitting the order books.
The total number of ECA deals taking place in the first quarter of 2016 has more than halved compared to Q1 of 2015, while deal volume is down 12%. TXF's Q1 data clearly reveals larger but fewer deals are taking place, but the question on everyone's mind is what's driving this dramatic drop in the number of deals in the market?
The $314 million deal is part of a strategy to get a slice of Eurasian trade along the new Silk Road as the country tries to wean itself off a dependence on shrinking oil revenues.
The size of the target – 15, 35 or 43 gigawatts (GW) – is open to dispute, but there is less argument about whether the Indonesian government is serious about its plans to add power capacity at a fast rate. The country’s administration, led by President Joko Widodo (or Jokowi for short), has been in office since October 2014, and has already managed to spur some progress in Indonesia’s notoriously sclerotic independent power sector.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), part of the Islamic Development Bank Group (IsDB), is ready to invest in projects in Indonesia after it signed an agency agreement yesterday with PT AsuransiAsei Indonesia at the IsDB's 41st annual meeting in Jakarta, Indonesia.
Italian shipbuilding continues to boom with last month’s ECA-backed loan for a new vessel from Fincantieri.
Two out of three people lack access to electricity in sub-Saharan Africa, but a new initiative, Scaling Solar, rolled out this week by the World Bank group aims to bridge this gap by supporting investments to build low cost, large-scale solar plants throughout the region.
Wind energy is the fastest growing source of electricity in Canada and is set to play a major role in the action plans of Québec's 2030 energy policy. The government-backed policy came exactly a month before last week's announcement that one of Canada's largest wind power projects closed a $617.5 million refinancing– in a deal backed by German ECA Euler Hermes.
Latin America is undergoing a rapid transition to renewable energy. According to tagmydeals, there was $831 million in ECA-backed renewable-energy deals last year as financiers get on board this industry boom.
K-sure's support of a $750 million loan to Reliance Jio Infocomm is the Korean ECA’s largest deal both in India and in the telecoms sector, with the transaction also boasting the longest tenor ever achieved in a telecoms deal.