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).
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.
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).
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.
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.
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 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 Bank has utilised its strong funding capability in Germany to successfully finance an ECA-backed Airbus delivery for Korean Air Lines (Korean Air).
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.
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 (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).
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’.
The British Exporter’s Association (BExA) has just published its fifth annual benchmarking publication ‘UK Export Finance: Supporting the National Export Challenge’.
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.
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.
The Inter-American Development Bank (IADB) has signed loans totaling $67.3 million for two wind projects in Peru.
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.
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, 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.
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.
Lillian Labbat and John Meakin become global heads of structured export finance and aviation finance respectively
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.
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.
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.
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.
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.
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.
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 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).
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.
The African Development Bank Group (AfDB) has approved three loans, totalling $256 million, in infrastructure, water, sanitation and health.
New roles for Gerdpeter von Gurezky-Cornitz and Jens Haupt within the finance team at German manufacturer
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.
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.
Airline says US Ex-Im reauthorisation uncertainity had no bearing upon order.
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.
Last week saw TXF broadcast a lively discussion on the future for export finance.
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.
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.
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.
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
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.
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.
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.
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 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.
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.
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.
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).
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.
We’re taking the global export roadshow to Lisbon! Join us on the 7th & 8th June 2022 for another unmissable hybrid event. Deal makers from across the globe are attending in force. Don't miss out...
The destination for African commodity finance! A unique opportunity to come together with deal makers across this exciting region for virtual networking opportunities second to none!
Returning in-person to London! Calling all changemakers in trade & export finance - Join us for another thought-provoking edition to plot your ideas about diversity, sustainability and inclusion.
Return of the hugely popular virtual event which addresses the challenges of sustainable commodity finance head on. Bringing you an atmosphere that is inspiring & ideas led! The time is now...
TXF Asia is back, in-person, in Singapore! After three fabulous virtual editions, nothing can compare to face-to-face meetings and getting back in the room with the finest export finance minds.
Three virtual editions later, TXF APAC makes its first in-person return, in Singapore! Join us for an intimate, local language event curated specially for the trade and commodity finance market.
The climax to Geneva commodities week, TXF Geneva brings together the European commodity finance market for an unparalleled two days of thought leadership, networking and education.