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29 May 2018
in
Agri/Soft Commodities

Glencore Agri ups size and tenor on refi

Glencore Agriculture has closed a $3.975 refinancing of its May 2017 $3.5 billion revolving credit facility (RCF). Signed on 2 May 2018, the deal was oversubscribed and...

29 May 2018
in
Power

Iraq nears close on EKN-backed facility

Iraq’s Ministry of Finance is expected to close an EKN-backed facility with JP Morgan over the coming months. EKN is no stranger to supporting Iraqi...

29 May 2018

Afreximbank unveils $2bn financing support to Angola

The African Export-Import Bank is arranging up to $2 billion in financing support to Angola. The bank also announced proposals for $1 billion to be offered under its...

29 May 2018
in
Renewables

Queensland's Gladstone council greenlights 350MW Raglan Solar Farm

Queensland's Gladstone Regional Council has approved the 350MW Raglan Solar Farm that was proposed by UK-based renewables developer Eco Energy World. The...

29 May 2018

Turkmenistan close to securing ECA financing for TAPI pipeline

Turkmenistan plans to soon secure all the necessary funding to complete the construction of an $8 billion natural gas pipeline to Afghanistan, Pakistan and India. The...

29 May 2018
in
Renewables

NSW grants planning consent for 174MW Wellington solar farm

The New South Wales Department of Planning has given its consent for the 174MW Wellington Solar Farm proposed by First Solar Australia. The $270 million project is...

29 May 2018
in
Power

KB Kookmin Bank commits $100m towards US power plant deal

KB Kookmin Bank has raised $100 million to invest in the $810 million acquisition of three eastern US gas-fired power plants with 1,123MW of capacity  by the...

29 May 2018
in
Infrastructure, Power, Waste and water

Hyflux: Turning its back on power – but is it too late?

An expensive and unsuccessful gamble on Singapore’s deregulated power market has forced water project developer Hyflux into a painful restructuring. It may also have put...

29 May 2018
in
Renewables

Gel Elektik awarded 50MW in Kazakh wind auction

Gel Elektik has been awarded the full allocation of 50MW of capacity in Kazakhstan's second onshore wind auction for a project in the northern Kostanay...

29 May 2018
in
Renewables

SECI appointed for 2.5GW hybrid renewables auction

India's Ministry of New and Renewable Energy has appointed Solar Energy Corporation of India (SECI) to implement 2.5GW of hybrid wind and solar projects for...

29 May 2018

Reversing the brain drain in export finance

The export finance industry has an ageing demographic. Much of the knowledge and talent in the industry comes from practitioners with over 30 years’ experience. However,...

29 May 2018

Can lenders learn from Google’s AI story?

We know data driven finance can drive up business advance rates for all types of event financing - starting from purchase orders and raw material buys, to inventory to...

29 May 2018

Wirecard extends platform to B2B lending market

Digital financial technology group Wirecard is expanding its ecosystem of value-added services by now offering loans via its platform to existing B2B customers. The...

29 May 2018
in
Renewables

Elgin receives consent for largest solar project in Scotland

Elgin Energy has received planning permission for its 50MW solar project set for the former RAF Milltown Airfield near Elgin in Moray. It is the first...

29 May 2018
in
Power

Tampa Electric to convert Big Bend coal-fired plant to gas

Tampa Electric (TECO) is planning a $853 million conversion of the coal-fired Unit 1 at its Big Bend Power Station in Apollo Beach to take natural gas as the feedstock....

29 May 2018
in
Renewables

Kenyan court dismisses Lamu wind project objections

The Malindi Land and Environment court has dismissed objections against the Kenya's National Land Commission (NLC) and Lamu County government brought by US-based...

29 May 2018

Glencore RCF pricing emerges

The $9.085 billion one-year revolving credit facility (RCF) Glencore refinanced in March was priced at 60bp all-in over Libor (40bp margin/20bp fees). Following the...

29 May 2018
in
Infrastructure, Transport

Malaysia to cancel Kuala Lumpur-Singapore HSR project

The recently elected Malaysian Prime Minister has announced an intended withdrawal from the Kuala Lumpur-Singapore High Speed Rail project as he attempts to cut...

29 May 2018

Afreximbank and partners agree $1bn fund to boost industrialization

The African Export-Import Bank (Afreximbank), the Finance Center for South-South Cooperation, and the Made-in-Africa Initiative have announced a joint effort to mobilise...

29 May 2018
in
Power

SSE plans 840MW CCGT plant for Lincolnshire

Scottish energy company SSE is to build a new 840MW combined cycle gas turbine power station at Keadby in North Lincolnshire next to an existing 740MW...