Search results

Show:
Results found: 3563
Kexim approves loan for refuse collection compactors to Sri Lanka
11 December 2017

The Export-Import Bank of Korea has approved a $14 million loan for the supply of refuse collection compactors to Sri Lanka. The deal will provide 190 refuse compactors to local authorities in nine provinces in order to collect and transfer large amount of waste to dumping sites.

Afreximbank and Attijariwafa Bank agree trade and project MoU
11 December 2017

The African Export-Import Bank (Afreximbank) and Attijariwafa bank have signed a memorandum of understanding to collaborate in developing a large framework of cooperation in trade across Africa. They will also work on cofinancing projects.

Afreximbank and EBE sign $500m export agreement
8 December 2017

The African Export-Import Bank (Afreximbank) is to collaborate with the Export Development Bank of Egypt (EBE) on a $500 million Export Credit Support Scheme aimed at supporting exports and investments by Egyptian businesses to other African countries.

Credendo: 4 in 5 Belgian companies expect their exports to grow
7 December 2017

Four out of five directors of Belgian companies expect their exports to grow over the next three years, according to a survey performed by Trends-Tendances for Credendo. More than 350 CEOs and CFOs will on Thursday attend the 3rd Credendo Trade Forum entitled "Can protectionism hamper globalisation?"

Chexim agrees $153m loan to upgrade Harare airport
7 December 2017

The Export-Import Bank of China has agreed a $153 million loan facility to Zimbabwe for the upgrade of the Robert Gabriel Mugabe International Airport. The loan, which carries a concessionary 2% interest rate, is payable over 20 years.

SACE supports 40 Italian groups in Alba power station project
7 December 2017

Export credit agency SACE is to commit €125 million to support 40 Italian subcontracts for the construction of a new power station awarded to GE Power and Gama Power consortium by Bahrain's Alba. The Power Station 5 will be connected with the Line 6 Expansion Project.

Russia-Japan investment fund reveals first transactions
7 December 2017

The Russia-Japan Investment Fund - launched by the Russian Direct Investment Fund and Japan Bank for International Cooperation - has invested in the Russian pipeline operator, Transneft, the infrastructure through which up to 85% of the oil produced in Russia, and 26% of oil products, are transported.

EDC to back US-made satellite to boost Indonesian broadband
6 December 2017

Indonesian satellite communication group Pasifik Satelit Nusantara is set to launch a new satellite named PSN VI in 2018 to meet high demand in the country's broadband data sector. US-based Space System/Loral will develop the satellite, with Export Development Canada providing financing.

Chexim backs Cauchari solar project
5 December 2017

Argentina's Ministry of Finance has signed a 15-year $331.5 million loan with the Export-Import Bank of China (Chexim) – the first...

The Big Question: How should you manage change?
5 December 2017

Change is necessary for virtually every organization, and yet also often painful for the people involved. So how can effective leaders identify and facilitate productive change? This episode of The Big Question features insights from Fred Hochberg, former Chairman and President of the Export-Import Bank of the United States, Jenny McColloch of McDonald's, Ashley Wheater of the Joffrey Ballet, and Chicago Booth's Harry L Davis.

Hyundai Rotem to build €720m Iranian rail buses as part of Kexim credit line
4 December 2017

South Korea's Hyundai Rotem has signed a €720 million deal with Iran to manufacture 450 rail buses for suburban trains as part of an €8 billion credit line from the Export-Import Bank of Korea (Kexim).

Engie Consortium wins wind farm project in Egypt with JBIC financing and NEXI backing
4 December 2017

French energy company Engie said it won a contract from the Egyptian government to develop a 250MW wind farm in Ras Gharib area on the Gulf of Suez. Engie's deal will be together with its consortium partners Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (40%) and Orascom Construction (20%). The total investment for the project is likely to hit $400 million, with financing from the Japanese Bank for International Corporation (JBIC) in coordination with SMBC and Societe Generale. The Japanese export credit agency NEXI is providing an insurance cover for the commercial lenders.

SIMEST partners with Ansaldo Energia for international expansion
4 December 2017

SIMEST has acquired an 11% stake in Ansaldo Energia Switzerland, a wholly-owned subsidiary of Ansaldo Energia, an Italian power engineering company. The company, together with SACE, is part of the export and internationalisation hub of Italy's CDP group.

Central African Republic is Afreximbank’s latest participating state
4 December 2017

The number of African countries represented on the African Export-Import Bank (Afreximbank) as participating states and/or shareholders has risen to 49 with the presentation of an Instrument of Accession to the Bank by the Central African Republic.

Korea hikes bilateral concessional loans to Sri Lanka to $500m
4 December 2017

South Korea has increased bilateral concessional loans for Sri Lanka, from $300 million to $500 million through the Export-Import Bank of Korea. Priority will be given to education, transportation, water and sanitation, and rural development projects.

UKEF to launch new supply chain product
1 December 2017

New minister for trade and export promotion, Baroness Rona Fairhead, today announced that UKEF are to launch a new product to support UK exporters and their supply chains. This comes under the export strategy review from the department of international trade. 

Transurban refinances Hills M2 debt portion
1 December 2017

Transurban has closed a A$407 million ($309.7 million) five-year refinancing of a portion of the debt on its Hills Motorway Group M2 project which was...

Kexim agrees $150m project finance deal with Uzbek National Bank
30 November 2017

The National Bank of Uzbekistan and the Export-Import Bank of Korea (Kexim) have signed a $150 million loan agreement to finance projects in the fields of agriculture, food industry, medicine, construction materials, automotive industry and others.

Hungarian Eximbank signs up to Sino-CEE Fund
30 November 2017

The Export-Import Bank of Hungary is to subscribe €100 million of Sino-CEE Fund on accumulative basis. Aiming to raise €10 billion, the Sino-CEE Fund is boosting investment cooperation between China and Central and Eastern European Countries. Its investments into Hungary are expected to exceed €300 million.

EIB agrees its first loan to Afreximbank
30 November 2017

The European Investment bank has signed its first agreement with the African Export-Import Bank (Afreximbank). The agreement involves a finance facility for €100 million from the EIB and will fund trade-related investments and projects in Sub-Saharan Africa.

Exporting UK PLC
Exporting UK PLC
Eavie Burnett
29 November 2017

This year’s British Exporters Association (BExA) UKEF benchmarking report - 'Exporting is not the new black' - scores the ECA an impressive 9/10. However, the report is also insistent that, to fully promote UK exports, a pan-governmental approach must be taken. TXF talks to Marcus Dolman, co-chairman of BExA, about the issues behind some of the report's highlights.

SACE and BPER Banca agree finance for winery Librandi Antonio and Nicodemo
29 November 2017

BPER Banca and SACE have finalized two deals with Italian winery Librandi Antonio and Nicodemo for a total of €350,000. The winery will use the resources to obtain raw materials necessary to fulfil orders for foreign customers.

EDC opens in Sydney to help Canadian companies sell to and invest in Australia
29 November 2017

Export Development Canada (EDC) has opened a new permanent office in Sydney to help Canadian companies take advantage of the growing opportunities in Australia. Australia is Canada's largest destination for Canadian direct investment in the Asia-Pacific, and the fourth largest source of foreign direct investment into Canada.

Chexim agrees $732m loan to Bosnia's EPBiH for new generating plant
28 November 2017

Bosnian utility EPBiH has secured a $732 million 20-year loan (including five-year grace period) from Export-Import Bank of China (Chexim) to fund construction of a new generating plant at EPBiH's Tuzla coal-fired power station. The borrower is providing $109 million of equity towards the scheme. EPBiH awarded the 450MW project to China Gezhouba Group and Guandong Electric Power Design in 2014, but the deal was delayed by red tape and negotiations over financing.

$2.7bn Nacala logistics corridor financing signed
28 November 2017

Brazilian miner Vale and Mitsui have signed a $2.73 billion project financing for the Nacala logistics corridor - a railway system connecting the Moatize coal mine to the Nacala port in Mozambique. The 14-year debt comprises a $1.03 billion direct loan from JBIC; a $1 billion NEXI-covered tranche from SMBC, BTMU, Mizuho Bank, Sumitomo Mitsui Trust Bank, Nippon Life Insurance and Standard Chartered; a $400 million ECIC-covered loan from ABSA Bank, Investec, Rand Merchant Bank and Standard Bank; and $300 million from the African Development Bank (AfDB).

Thailand Exim appoints head of new business unit Corporate Business 4 Department
28 November 2017

The Export-Import Bank of Thailand has appointed Anuchit Vitayaburananont as first vice-president in charge of Corporate Business 4 Department, a new business unit to render services to large and leading Thai corporates and entrepreneurs in their export and investment overseas.

NEXI insures Chile PV project in US dollar-denominated insurance
27 November 2017

Nippon Export and Investment Insurance has provided loan insurance for the first time as a US dollar-denominated insurance to support loans for the Huatacondo Photovoltaic Project1 in Chile. 

Turk Eximbank wants to fund projects in Serbia
27 November 2017

Turkey's Turk Eximbank is keen to support construction of the Belgrade-Sarajevo motorway, and rehabilitation of roads in Raska County. It follows a meeting of Deputy PM and Minister of Construction, Transport and Infrastructure, Zorana Mihajlovic, and the CEO of Turk Eximbank Adnan Yildirim.

Time to pay up: the importance of claims payments data
Time to pay up: the importance of claims payments data
Oliver O'Connell
24 November 2017

In a recent report to mark 20 years of Zurich’s Credit and Political Risk programme, the insurer revealed that some $934 million in claims have been paid to business customers. Oliver O’Connell spoke with David Anderson, managing director at Zurich Credit & Political Risk, about trends in claims payments and why publishing claims payment data is so important to the market.

Kexim agrees to provide $2bn in project financing to Uzbekistan
24 November 2017

The Export-Import Bank of Korea (Kexim) has agreed to provide $2 billion in project financing to Uzbekistan. South Korea agreed another $500 million in official Economic Development Cooperation Fund loans.

Walney Extension: More acquisition than project bond
Walney Extension: More acquisition than project bond
Max Thompson
23 November 2017

The first non-recourse investment-grade bond to be used on a construction-stage offshore wind farm in the UK, the Walney Extension financing introduces a new UK asset class to institutional investors – albeit with very little construction risk.

ECA SME support: Cover great – cash better
ECA SME support: Cover great – cash better
Eavie Burnett
23 November 2017

ECAs are stepping up their SME support initiatives. Application processes and ease of access to export cover is improving. But as commercial banks retreat from the SME loans market, more ECA direct lending to SME exporters is a must.

GE power signs $400m deal to build substations in Iraq
23 November 2017

Iraq has signed an agreement worth over $400 million with GE Power to build 14 electric substations in the country. GE will develop the substations to connect power plants spread across the governorates of Ninawa, Salah Al Din, Al Anbar, Karbala, Baghdad, Qadisiyyah and Basra to the national grid. GE will also assist the Ministry of Electricity with raising commercial bank and export credit agency funding for the project.

Cirebon 2 financial close
22 November 2017

The $1.74 billion ECA-backed loan to fund development of the $2.175 billion 1000MW Cirebon 2 ultra-supercritical coal-fired project in Indonesia has f...

Will investor confidence in Russia rise next year?
Will investor confidence in Russia rise next year?
Judith Fagelson
22 November 2017

ECA borrowing in Russia was down by nearly 70% in H1 2017 as compared to H1 2016, but many people remain optimistic about opportunities for export finance in Russia going forward, bolstered by a strong rouble and an increasingly resilient economy. TXF asked three experts what they expected to see over the next year.

Adani close to securing Chinese loans for Australian project
22 November 2017

Indian mining giant Adani is close to securing loans from Chinese banks and export credit agencies to build a 388km railway in Queensland for its $16.5 billion dollars Carmichael coal mine project.

TBC Bank signs MSME loan agreement with Austria's OeEB
22 November 2017

Georgia's TBC Bank has signed a $30 million loan agreement with Austrian development bank OeEB. The funds will be primarily used to finance rural areas outside of Tbilisi, MSMEs active in tourism and women-owned MSMEs.

PLN to build new provisions into PPAs
21 November 2017

PLN has received a letter from the Ministry of Energy & Mineral Resources (MEMR) requesting the state-owned utility starts reassessing P...

South Africa signs up to Afreximbank
21 November 2017

South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank). The country is being represented by the Export Credit Insurance Corporation of South Africa as its designated investor.

SACE backs Marini to export goods to Argentina
21 November 2017

Italian asphalt production machinery producer Marini has exported €3.9 million its products to Argentina with support from export credit agency SACE.

Eritrea joins Afreximbank as participating state
21 November 2017

The East African country of Eritrea has become a member of the African Export-Import Bank (Afreximbank). It becomes the 48th African country to become a participating state or a shareholder in the continental multilateral trade finance institution.

Perfect 10 Deals of the Year 2017: Send submissions now
Perfect 10 Deals of the Year 2017: Send submissions now
Sean Keating
20 November 2017

TXF is open for submissions for its Perfect 10 Deal of the Year Awards 2017. Please help us to help you to ensure your deal is on the system prior to launch of voting in December

Moody's upgrades India Exim to Baa2 from Baa3
20 November 2017

Moody's Investors Service has upgraded the long-term ratings of the Export-Import Bank of India, HDFC Bank, Indian Railway Finance Corporation, and the State Bank of India to Baa2 from Baa3.

UKEF supports Carillion Alawi Omani projects
20 November 2017

Carillion Alawi, a JV between the Zawawi family and the UK's Carillion, has been signed on to build a UK Export Finance-backed 10ha hospital in the Omani port city of Khasab. The contractor also signed an agreement to design and build the new Sultan Qaboos Hospital in Salalah, also with UKEF support.

Bancomext renews cooperation agreement with CDB
20 November 2017

Mexico's Bancomext and the China Development Bank (CDB) have renewed a cooperation agreement to finance projects in Mexico. Key sectors include technology, equipment, tourism and renewable energy.

Factoring and credit insurance key for SME growth and regional integration in Africa
20 November 2017

Financial solutions such as factoring and credit insurance are seen as key to the growth of small and medium-sized enterprises in Africa, a workshop organised by the African Export-Import Bank (Afreximbank) heard.

PLN to shortlist bids for Java 3
16 November 2017

PLN has received proposals from 20 power sponsors to become a minority partner to its subsidiary PJB for the construction of the 800MW Java 3 gas-fire...

S&W Breakfast Briefing: The Equator Principles
S&W Breakfast Briefing: The Equator Principles
Max Thompson
16 November 2017

Among the coffee and croissants, Sullivan & Worcester’s breakfast seminar discussed the importance of the Equator Principles and how they create a common playing field for determining, assessing, and managing environmental and social risks in projects.

NEXI backs Cirebon2 ultra-supercritical coal fired power plant
16 November 2017

Nippon Export and Investment Insurance is providing loan insurance to support Cirebon2 ultra-supercritical coal fired power plant project. The project is to build a new 1,000MW power plant adjacent to the existing unit in the West Java Province of Indonesia.

Perfect 10 Deals of the Year 2017 - open for submissions now
16 November 2017

TXF is open for submissions for its Perfect 10 Deal of the Year Awards 2017. Our awards are based on votes by the market via our electronic voting ...