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Banks team with IFC for Indonesian HEP financing
Banks team with IFC for Indonesian HEP financing
Jonathan Bell
13 October 2014

International Finance Corporation (IFC) has acquired a minority equity stake in and provided a $280 million loan facility to Indonesian independent power producer PT Bajradaya Sentranusa (BDSN).

IFC invests in Colombian infra project fund
IFC invests in Colombian infra project fund
Jonathan Bell
10 October 2014

International Finance Corporation (IFC) is boosting its support of Colombia’s infrastructure sector by helping launch a specialised finance institution that will play a critical role in securing the financial resources needed for the country’s upcoming large-scale infrastructure projects.

ADB and banks team for China wastewater project financing
ADB and banks team for China wastewater project financing
Jonathan Bell
9 October 2014

The Asian Development Bank (ADB) has signed a ground-breaking financing agreement in partnership with 13 commercial banks to support Beijing Enterprises Water Group Company (BEWG) to promote high-standard wastewater treatment and reuse in the People’s Republic of China (PRC).

UKEF announces first direct lending facility loan
UKEF announces first direct lending facility loan
Dalia Gebrial
7 October 2014

The UK’s export credit agency (ECA), UK Export Finance (UKEF), has announced the first deal to be supported by the £3 billion ($4.8 billion) Direct Lending Facility (DLF) programme.

EDC to part finance Merus Labs acquisition of Swiss health product
EDC to part finance Merus Labs acquisition of Swiss health product
Dalia Gebrial
7 October 2014

Canada’s export credit agency (ECA), Export Development Canada (EDC), is to provide C $12 million ($10.7 million) of direct financing to Toronto-based pharmaceutical company, Merus Labs, for a strategic acquisition.

RMB and agencies collaborate to finance landmark Ghanaian power plant
RMB and agencies collaborate to finance landmark Ghanaian power plant
Dalia Gebrial
6 October 2014

A number of European and African institutions have teamed together in a triple tranche, overall $900 million project financing to fund a gas fired power station in Tema, Ghana.

Belarusbank signs loan agreement with China Eximbank
Belarusbank signs loan agreement with China Eximbank
Dalia Gebrial
6 October 2014

Belarusbank has announced the official signing of a loan agreement with the Export-Import Bank of China (China Eximbank), China’s export credit agency (ECA).

ING closes Coface-guaranteed financing for Korean Air
ING closes Coface-guaranteed financing for Korean Air
Jonathan Bell
3 October 2014

ING Bank has utilised its strong funding capability in Germany to successfully finance an ECA-backed Airbus delivery for Korean Air Lines (Korean Air).

KfW IPEX to finance Finnish onshore wind farm
KfW IPEX to finance Finnish onshore wind farm
Dalia Gebrial
3 October 2014

The German state-owned development bank, KfW IPEX-Bank, will provide a €100 million ($126 million) for the construction of the Kuolavaara-Keulakkopään Tuulipuisto Oy wind farm in Finland.

Kexim signs largest telecom financing to date with Reliance
Kexim signs largest telecom financing to date with Reliance
Dalia Gebrial
3 October 2014

India’s largest provider of telecom tower infrastructure, Reliance Jio Infocomm Limited (RJIL), will receive a $750 million loan backed by Korean export credit agency (ECA), Korea Eximbank (Kexim).

BNP Paribas and JBIC finance bulk carriers for Ultrabulk
BNP Paribas and JBIC finance bulk carriers for Ultrabulk
Jonathan Bell
2 October 2014

BNP Paribas (BNPP) and Japan Bank for International Cooperation (JBIC) have arranged export credit financing for the supply of two bulk carriers to Denmark’s Ultrabulk Shipping A/S (Ultrabulk).

BExA launches manifesto for exporters
BExA launches manifesto for exporters
Dalia Gebrial
2 October 2014

British Exporters Association (BExA) has announced the launch of its manifesto for exporters, entitled ‘Winning the Global Race’. The launch happens alongside its 5th annual benchmarking publication ‘UK Export Finance: Supporting the National Export Challenge’.

Annual ECA benchmarking report released
Annual ECA benchmarking report released
Dalia Gebrial
2 October 2014

The British Exporter’s Association (BExA) has just published its fifth annual benchmarking publication ‘UK Export Finance: Supporting the National Export Challenge’.

US Ex-Im authorises $1 billion Pemex capital markets financing
US Ex-Im authorises $1 billion Pemex capital markets financing
Dalia Gebrial
2 October 2014

The Export-Import Bank of the United States (US Ex-Im) has approved two authorisations, worth $1 billion, for Mexico’s state-owned oil and gas company,Petróleos Mexicanos (Pemex). The guaranteed bonds will be issued in the capital markets.

DEG and Proparco finance Uruguayan forestry sector
DEG and Proparco finance Uruguayan forestry sector
Jonathan Bell
29 September 2014

German development bank DEG, and Paris-based development finance institution Proparco, are providing a long-term $35 million loan to the Uruguayan logging company Forestal Rio de los Pajaros (FRP), which is owned by Otegui Group.

IADB provides loans for wind power projects in Peru
IADB provides loans for wind power projects in Peru
Jonathan Bell
26 September 2014

The Inter-American Development Bank (IADB) has signed loans totaling $67.3 million for two wind projects in Peru.

Agencies team to finance Jordan solar plant
Agencies team to finance Jordan solar plant
Jonathan Bell
26 September 2014

The European Bank for Reconstruction and Development (EBRD) and the Overseas Private Investment Corporation (OPIC) have agreed to finance the construction and development of a 20 megawatt (MW) solar photovoltaic power plant in Jordan to help address the country’s energy shortages through utilising its world class solar resource.

ADB approves  loans for Punjab region irrigation project
ADB approves loans for Punjab region irrigation project
Dalia Gebrial
23 September 2014

The Asian Development Bank (ADB) has approved $150 million worth of project loans to upgrade two key barrages in Trimmu and Panjnad, located in the Punjab region of Pakistan.

Finnvera to finance cruise ships for German company
Finnvera to finance cruise ships for German company
Dalia Gebrial
23 September 2014

Finnvera, the Finnish export credit agency, has agreed to guarantee between 50 and 80 percent of pre-delivery finance for cruise ships ordered by TUI Cruises GmbH, the Germany-based joint venture cruise line.

Safi Energy reaches financial close for Moroccan coal-fired power plant
Safi Energy reaches financial close for Moroccan coal-fired power plant
Jonathan Bell
22 September 2014

Morocco’s L’Office National de l’Electricité et de l’Eau Potable (ONEE) and Safi Energy Company (SAFIEC) have reached financial close on the financing for a project to build a 1,386-megawatt (MW) coal-fired power plant in southern Morocco.

New global heads within JP Morgan export finance
New global heads within JP Morgan export finance
Dan Sheriff
18 September 2014

Lillian Labbat and John Meakin become global heads of structured export finance and aviation finance respectively

ICICI pens agreements with China Exim and CDB
ICICI pens agreements with China Exim and CDB
Hesham Zakai
18 September 2014

India’s largest private sector bank, ICICI, has signed framework agreements with both the Export-Import Bank of China (China Exim) and China Development Bank (CDB), aimed at furthering ties between the two developing countries.

EIB financings in Greece target transport and energy sectors
EIB financings in Greece target transport and energy sectors
Hesham Zakai
18 September 2014

The European Investment Bank (EIB) has signed five financing agreements with Greece, amounting to a total €815 million ($1.05 billion) investment in the country’s transport and energy sectors.

SG makes senior appointments within natural resources group
SG makes senior appointments within natural resources group
Jonathan Bell
18 September 2014

Société Générale Corporate & Investment Banking (SG CIB) has made three senior appointments in Paris and Hong Kong to further strengthen the bank’s capabilities in the natural resources & energy financing group.

Turkey’s Yapi Kredi Leasing to promote renewables with IFC loan
Turkey’s Yapi Kredi Leasing to promote renewables with IFC loan
Jonathan Bell
17 September 2014

International Finance Corporation (IFC) is lending $96 million to Yapi Kredi Leasing, Turkey’s leading leasing company, to increase its leasing operations in energy efficiency and renewable energy projects.

IFC and UniCredit combine for Croatian wind farm financing
IFC and UniCredit combine for Croatian wind farm financing
Jonathan Bell
17 September 2014

The International Finance Corporation (IFC) and UniCredit have combine dto arrange financing for the Rudine wind farm project in Slano, near Dubrovnik in Croatia. The project is being developed by Vienna-headquartered, independent power producer, RP Global which will build and operate the wind pant.

Head of infra appointed within SG’s project finance Paris team
Head of infra appointed within SG’s project finance Paris team
Jonathan Bell
16 September 2014

Société Générale CIB (SG CIB) has appointed Laurent Bouchilloux as head of the infrastructure project finance Paris team. The appointment is effective 1 September 2014.

Canadian ECA to finance Hispasat satellite
Canadian ECA to finance Hispasat satellite
Dalia Gebrial
12 September 2014

Export Development Canada (EDC), the Canadian export credit agency (ECA), has announced a €123 million ($159 million) loan to Spanish satellite communications operator Hispasat for the construction of a satellite by Canada’s MacDonald Dettwiler and Associates (MDA).

Natixis and SMBC combine for MEASAT deal
Natixis and SMBC combine for MEASAT deal
Dalia Gebrial
11 September 2014

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).

IFC and YES Bank provide loans for India’s Continuum Wind Energy
IFC and YES Bank provide loans for India’s Continuum Wind Energy
Jonathan Bell
11 September 2014

International finance Corporation (IFC) is lending $50 million to two wholly-owned subsidiaries of Continuum Wind Energy (India) to expand access to clean energy, and help reduce greenhouse gas emissions.

AfDB approves  loans for vital infrastructure projects
AfDB approves loans for vital infrastructure projects
Dalia Gebrial
10 September 2014

The African Development Bank Group (AfDB) has approved three loans, totalling $256 million, in infrastructure, water, sanitation and health.

Changes ring at SMS Siemag AG
Changes ring at SMS Siemag AG
Dan Sheriff
10 September 2014

New roles for Gerdpeter von Gurezky-Cornitz and Jens Haupt within the finance team at German manufacturer

Croatian bus company receives EBRD loan
Croatian bus company receives EBRD loan
Dalia Gebrial
10 September 2014

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.

Lift for Brazilian insurance market with IFC investment
Lift for Brazilian insurance market with IFC investment
Jonathan Bell
9 September 2014

The Brazilian insurance market has received a boost with International Finance Corporation (IFC) providing an equity investment of BRL80 million ($36 million) in Brazil’s Austral Participações. The move will support the expansion of the insurance market for infrastructure and agricultural sectors, among others, and promote innovation of insurance products.

Ryanair places order for up to 200 new Boeing aircraft
Ryanair places order for up to 200 new Boeing aircraft
Dalia Gebrial
9 September 2014

Airline says US Ex-Im reauthorisation uncertainity had no bearing upon order.

Spain’s Telefónica gets credit line from Canada’s EDC
Spain’s Telefónica gets credit line from Canada’s EDC
Jonathan Bell
8 September 2014

Exports of Canadian telecommunications have received a boost with the country’s export credit agency, Export Development Canada (EDC), providing a loan to Spain’s Telefónica for purchases from Canadian companies.

JB's weekly round up - 08 September 2014
JB's weekly round up - 08 September 2014
Jonathan Bell
8 September 2014

Last week saw TXF broadcast a lively discussion on the future for export finance.

Winners and losers from US Ex-Im’s reauthorisation battle
Winners and losers from US Ex-Im’s reauthorisation battle
Hesham Zakai
5 September 2014

As the standstill over the future of the Export-Import Bank of the United States (US Ex-Im) continues, it is worth exploring who benefits and who loses in the event of US Ex-Im not being reauthorised.

Why US Ex-Im needs a permanent solution
Why US Ex-Im needs a permanent solution
Hesham Zakai
5 September 2014

There has been much manoeuvring behind the scenes in the fortnight since my first blog on the Export-Import Bank of the United States’ (US Ex-Im) battle to be reauthorised – despite the fact that Congress has officially been in recess.

IFC leads Indonesian chemical plant project financing
IFC leads Indonesian chemical plant project financing
Jonathan Bell
5 September 2014

International Finance Corporation (IFC) and Indonesia’s Panca Amara Utama today have signed a syndication agreement under which Panca Amara Utama will obtain a $509 million long-term loan for the construction of its ammonia plant in central Sulawesi, Indonesia.

A discussion on the future of export finance
A discussion on the future of export finance
Dan Sheriff
4 September 2014

Another chance to watch Thursday's engaging debate on the future of the ECA finance industry - featuring David Godfrey, CEO, UK Export Finance; Simon Sayer of Deutsche Bank; Citi's Alex Taylor; and Kai Preugschat - the new secretary general of the Berne Union

Update - MIGA backs Indonesian hydro project
Update - MIGA backs Indonesian hydro project
Jonathan Bell
3 September 2014

The Multilateral Investment Guarantee Agency (MIGA) announced on 2 September that it is supporting the development and operation of the Rajamandala 47 megawatt (MW) run-of-the-river hydro-power plant and the construction of a transmission line in Indonesia.

JBIC and BTMU sign loans with India’s SBI for power equipment imports
JBIC and BTMU sign loans with India’s SBI for power equipment imports
Jonathan Bell
2 September 2014

The Japan Bank for International Cooperation has signed a loan agreement, within a co-financing arrangement, to set up an export credit line with the State Bank of India (SBI), the largest state-owned commercial bank in India. The funds will be on-lent by SBI to purchase power sector equipment from Japan.

EBRD loan for Belarusian mineral water producer
EBRD loan for Belarusian mineral water producer
Dalia Gebrial
2 September 2014

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.

Project finance specialist firm Portland Advisers expands into Asia
Project finance specialist firm Portland Advisers expands into Asia
Jonathan Bell
2 September 2014

Specialist project finance firm, Portland Advisers, has expanded with the recruitment of two further consultants in response to expanding demand for its specialist project finance advisory services. The firm is also opening an office in Hong Kong.

ING arranges financing for Thai Airways with US-Ex-Im cover
ING arranges financing for Thai Airways with US-Ex-Im cover
Jonathan Bell
29 August 2014

ING Capital has closed a 12-year US Ex-Im-guaranteed loan facility for the euro-equivalent of $497 million for Thai Airways International. The financing relates to the airline’s acquisition of three ~Boeing^ 777-300ER aircraft.

US Ex-Im secures first US wind turbine exports to Peru
US Ex-Im secures first US wind turbine exports to Peru
Jonathan Bell
29 August 2014

The Export-Import Bank of the United States (US Ex-Im) is providing two direct loans to two wind power projects in Peru for the export of wind turbines manufactured in Hutchinson, Kansas, and Fort Madison, Iowa, by Siemens Energy Incorporated.

Battle lines drawn as US Ex-Im reauthorisation looms
Battle lines drawn as US Ex-Im reauthorisation looms
Hesham Zakai
21 August 2014

It is no exaggeration to state that the Export-Import Bank of the United States (Ex-Im) is in the midst of its most difficult reauthorisation battle yet. Indeed, so heavily has opposition to the bank’s activities grown amongst conservative lawmakers in the US, that it would be reasonable to state that the current battle is a genuinely existential one.

JBIC leads Asian banks in Lao hydropower deal
JBIC leads Asian banks in Lao hydropower deal
Paul Preugschat
21 August 2014

The Japan Bank for International Cooperation (JBIC) has signed a project finance loan agreement in support of a total $643 million financing for a 290MW hydropower plant project in Lao People’s Democratic Republic (Lao DPR).

IFC launches financing programme for Indian infra-fund
IFC launches financing programme for Indian infra-fund
Jonathan Bell
20 August 2014

The IFC has launched a $2.5 billion financing programme designed to strengthen India’s capital markets and set up an infrastructure development fund for the country.