BEST MIDDLE EASTERN ECA FINANCE DEAL OF THE YEAR Dalia Gebrial reveals a true success story providing a major boost for the Iraq energy sector.
BEST EUROPEAN/EURASIAN ECA FINANCE DEAL OF THE YEAR Dalia Gebrial looks at how this ECA-backed financing will lead to the transformation of the Turkmenistan petrochemicals sector.
BEST EUROPEAN/EURASIAN ECA FINANCE DEAL OF THE YEAR Dalia Gebrial looks at how this ECA-backed financing will lead to the transformation of the Turkmenistan petrochemicals sector.
BEST PROJECT FINANCE DEAL OF THE YEAR Dalia Gebrial assesses the impressive, watertight financing of the Cameron LNG project.
BEST OVERALL ECA/PROJECT FINANCE DEAL OF THE YEAR Dalia Gebrial reviews a complex multisource finance bringing seven export credit agencies together in Turkey.
BEST COMMODITIES DFI DEAL OF THE YEAR Dalia Gebrial speaks to ITFC about the Islamic financing structure wich secured the Calik Cotton deal.
BEST ASIA-PACIFIC ECA FINANCE DEAL OF THE YEAR Dalia Gebrial reviews a landmark financing for Reliance developed with solid support from Kexim.
BEST MIDDLE EASTERN COMMODITIES FINANCE DEAL OF THE YEAR Dalia Gebrial reviews a unique soft commodity deal in the Turkish market where ABN AMRO worked together with EBRD and FMO to pull together a bespoke financing for Tiryaki Agro.
BEST OVERALL COMMODITIES FINANCE DEAL OF THE YEAR Dalia Gebrial examines the largest-ever structured commodity trade finance deal for a Chinese company.
BEST OVERALL COMMODITIES FINANCE DEAL OF THE YEAR Dalia Gebrial examines the largest-ever structured commodity trade finance deal for a Chinese company.
Finacity Corporation (Finacity), the receivables finance company, has announced it has served as advisor – and will serve as ongoing reporting administrator – for a new $50 million US government obligations-only receivables funding programme.
The Export-Import Bank of the United States (US Ex-Im), along with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), is providing a $55 million loan for the refurbishing of Pakistan International Airlines (PIA) engines by General Electric (GE).
Bank of America Merrill Lynch (BAML) has appointed Percy Batliwalla as its new head of global trade and supply chain finance.
UniCredit has appointed Dominique Honoré as its new head of trade finance international sales for France.
The Asian Development Bank (ADB) has expanded its trade finance programme (TFP) in Nepal by $40 million in order to help local banks finance the import of goods needed for reconstruction and immediate relief in the wake of the recent earthquake.
The European Bank for Reconstruction and Development (EBRD) is providing Georgia’s BasisBank with a $31.5 million loan package in order to promote small and medium-sized enterprises (SMEs), energy efficiency measures and access to trade finance.
The Australia and New Zealand Bank (ANZ) has launched its $3 billion Trade Lending Pledge for small and medium-sized Australian businesses looking to either grow or trade with offshore markets, with a particular focus on Asia.
In a recent interview with the Financial Times, Scott Scherer, Boeing’s head of regulatory strategy, has said that the aerospace and defence group would consider taking action should US export credit agency (ECA) the Export-Import Bank of the United States (US Ex-Im) not be reauthorised on 30 June.
Working capital solutions provider Demica has appointed Tim Davies to the newly created role of head of origination, Europe. He will report directly to Demica’s chief executive officer (CEO) Matt Wreford.
Italian export credit agency (ECA) SACE has signed a technical cooperation agreement to increase the capacity of the Iranian ECA, Export Guarantee Fund of Iran (EGFI).
Russian state corporation Vnesheconombank (VEB) has increased business with Chinese institutions by signing a $8 billion framework credit agreement with China Development Bank (CDB) and a credit line agreement with Chinese export credit agency the Export-Import Bank of China (China Exim).
Trade credit insurer Euler Hermes has appointed three regional chief executive officers (CEO) to its German, Austrian, Swiss (DACH), World Agency and French offices, and a new head of risk activities in the Mediterranean, Middle East and Africa (MMEA) region.
German export credit agency (ECA) Euler Hermes has signed a distribution agreement with Al Hilal Takaful – the takaful insurance subsidiary of the state-owned and fully Islamic UAE bank, Al Hilal Bank.
The Inter-American Development Bank (IADB) has provided two financial packages, totalling $216 million, for the construction of the Colonia Arias and Valentines wind farms in Uruguay. The financing will be raised through an Initial Public Offering (IPO).
A lack of capacity in the financial sector is severely impacting the trading potential of poor countries, says Roberto Azevêdo, the sixth director general of the World Trade Organisation (WTO).
Croatia’s third largest bank by assets, Erste Bank Croatia, has joined the European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Programme (TFP) in an effort to boost local and regional trade.
Swiss-based commodities investment manager Scipion Group has appointed Taran Bains as its new head of sales and marketing.
The International Trade and Forfaiting Association (ITFA) has teamed up with international financial services association BAFT to provide a joint, industry-standard legal opinion for banks to use in satisfying new regulatory requirements from the EU.
The third subsidiary of the Texas Freeport LNG Expansion (Freeport LNG) project, FLNG Liquefaction 3 (FLIQ3), has successfully closed $3.692 billion worth of secured credit facilities from a group of 27 commercial banks.
Gert Van Melkebeke will be joining Commerzbank’s structured export and trade finance BeNeLux (Belgium, Netherlands and Luxembourg) France division as a senior export finance manager, TXF has learned. His new role will be effective as of 1 June.
Peter Field, the executive director of origination and portfolio management at Australian export credit agency (ECA) Export Finance and Insurance Corporation (EFIC), will be leaving his position after 10 years at the institution.
Peru’s largest wind project has secured two financing agreements, totalling $254 million, from French bank Natixis.
The Chinese state-run grain trading company China National Cereals, Oils and Foodstuffs Corporation (Cofco) has announced that it is intending to float within three-to-five years as it looks to become a global agricultural company.
Swiss-headquartered holding company MET Holdings has secured a €400 million ($427.46 million) senior secured multicurrency credit facility from a group of international banks, TXF has learned.
The Singapore-based provider of floating production, storage and offloading (FPSO) vessel and related services PV Keez, has secured a $171 million syndicated loan from a team of international banks, TXF has learnt.
Masahiro Goda has been appointed to the newly created role of executive director of global trade finance at Mizuho Bank (Mizuho), as part of a series of moves within its senior global trade finance team.
ING Bank is providing Singapore-based shipping company Quantum Pacific Shipping with a $344.7 million loan, which will be backed by Korean export credit agency (ECA) Korea Trade Insurance Corporation (K-sure), TXF has learnt.
Canadian export credit agency (ECA) Export Development Canada (EDC) has provided the Chinese state-owned aerospace and defence company, the Aviation Industry Corporation of China International Leasing (AVIC), with a $45 million loan.
The Kuwait Foreign Petroleum Exploration Company (KUFPEC), a subsidiary of Kuwait’s national oil company Kuwait Petroleum Corporation, has exercised the $1.5 billion accordion feature under its existing $1 billion five-year term loan facility, which was signed in November 2014.
A federal US judge has thrown out a long-held suit – led by domestic airline Delta Airlines – against the US export credit agency (ECA), the Export-Import Bank of the United States (US Ex-Im).
The Multilateral Investment Guarantee Agency (MIGA) is providing guarantees covering $330 million worth of financing from a syndicate of banks for the Turkish export credit agency, Turk Eximbank.
SeaMex has secured a $750 million syndicated credit facility from a group of 13 international banks, TXF has learnt. The facility will allow the company to develop five oil rigs for Mexican state-owned oil firm Petróleos Mexicanos (Pemex).
Chinese aircraft lessor China Aircraft Leasing Group (CALC) has completed its first aircraft financing backed by an export credit agency (ECA) guarantee – a $224 million facility guaranteed by UK ECA UK Export Finance (UKEF).
German development bank KfW IPEX-Bank is providing a ZAR2.1 billion loan ($180 million) to the South African subsidiary of Enel Green Power (Enel). This is the first loan granted by KfW IPEX-Bank to the Italian renewable energy company.
Dutch commodities trader Vitol Holding (Vitol) is seeking to secure a $470 million guarantee from the Multilateral Investment Guarantee Agency (MIGA) for an equity investment in the Sankofa Gas Field) in Ghana.
Japanese export credit agency (ECA) the Japan Bank for International Cooperation (JBIC) and compatriot bank Mizuho have co-financed four untied loan agreements with private and public financial institutions in Brazil, Turkey and South Africa in support of renewable energy projects.
Japanese bank Sumitomo Mitsui Banking Corporation (SMBC) is providing Tanzania Electric Supply Company (TANESCO), the country’s national power company, with a $117 million loan for the Kinyerezi power project.
Commodity trader Trafigura has signed a $5.3 billion multi-currency revolving credit facility (RCF) with a syndicate of 51 banks. Initially launched at $4.25 billion, the flagship facility for the trader’s European operations was heavily oversubscribed.
Saudi Arabian oil company Saudi Aramco has signed a $10 billion standby revolving credit facility (RCF) agreement with a club of 27 banks. The RCF replaces the existing $4 billion agreement signed in 2010.
Canadian export credit agency (ECA) Export Development Canada (EDC) has provided the Spanish satellite communications operator, Hispasat Group (Hispasat), with a €140 million ($154.13 million) loan for the construction of the Amazonas 5 satellite.
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
The only dedicated forum for the APAC trade and commodity finance community. Join dealmakers from across Asia-Pacific as we tackle key industry issues and analyse the latest deals in the market.
TXF Africa 2020 will focus on recent and forthcoming developments across regional export, project & commodity finance and explore new opportunities for each market.
TXF Global Commodity Finance 2020 conference goes back to the future . Join deal makers from across the globe for an unmissable two day 80’s themed extravaganza.
The global export, agency & project finance games return for 2020! Join us in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.