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22 May 2018
in
Oil & gas

China Energy firm CEFC defaults after Rosneft deal fails

CEFC Shanghai International Group, a unit of the privately-held CEFC China Energy Co, has failed to repay 2 billion yuan ($313 million) of bonds. The group said it would...

22 May 2018

FCI releases new revised factoring statistics

Factoring industry association FCI's new World Factoring Statistics 2017 shows a 9% increase worldwide, reaching a figure of €2,598,298 million. China witnessed...

21 May 2018
in
Infrastructure

Sacyr wins Alto Hospicio concession

Sacyr has won the €136.8 million 235-bed Alto Hospicio PPP project in the Tarapaca region of Chile. The project will add a third hospital to Sacyr’s Chilean...

21 May 2018
in
Infrastructure, Transport

Plenary closes on corporate bond fundraising

Plenary Group has closed on a A$62 million ($46.5 million) six-year wholesale corporate bond designed to fund future growth in its public infrastructure portfolio....

21 May 2018
in
Renewables

SB Energy wins latest SECI solar auction

SB Energy – a joint venture between SoftBank, Foxconn and Bharti Airtel – has won the entire 200MW of solar projects auctioned last week by Solar Energy...

21 May 2018
in
Oil & gas

More details emerge on Hamina LNG terminal financing

Sponsors of the €100 million ($118 million) LNG terminal in the Finnish port of Hamina – Hamina Energy, Estonian energy company Alexela and Wartsila...

21 May 2018

Trump takes aim at Chinese development loans

China’s secretive lending practices in developing nations are drawing increased objections from the Trump administration, the World Bank and the IMF, who want...

21 May 2018
in
Infrastructure, Power, Transport

Angola to tap China for $15.5bn infra funding

The Angolan government has plans to raise $15.5 billion of loans from China for infrastructure projects. The plan was revealed in a memo sent to investors within the...

21 May 2018

Glencore near to deal for Chevron's southern African assets

Glencore is rumoured to be close to a $1 billion deal to buy Chevron’s southern African assets, potentially scuppering an earlier agreement with China...

21 May 2018

Will the CFTA boost intra-African trade finance?

Forty-four African countries signed the long-awaited African Continental Free Trade Area (CFTA) earlier this year. The bloc is expected to boost intra-African trade...

21 May 2018

Mitigram raises $5.8m more funding

Fintech trade finance start-up Mitigram has raised a SEK50 million ($5.8 million) series-A funding round with Swedish investors Johan Andersson (CEO of family-owned...

21 May 2018

Commerzbank integrates SAP with Corda

Commerzbank, supported by SAP, has completed an end-to-end integration between SAP S/4HANA business processes and R3’s Corda blockchain platform. The proof of...

21 May 2018

Tradeshift Pay cloud-based system launched

Supply chain finance platform Tradeshift has launched a unified cloud-based supply chain payments and finance solution that it claims is compatible with “all major...

21 May 2018

Siemens mandates GlobalTrade platform for export documentary credits

Siemens Financial Services has selected GlobalTrade Corporation’s @GlobalTrade Multi-bank Trade Finance Platform for management of its export documentary credits....

21 May 2018
in
Infrastructure, Transport

Myanmar invites EOIs for Yangon ring road PPP

Myanmar's Ministry of Construction (MOC) and the Yangon regional government are inviting expressions of interest for a DFBOM project to build a...

21 May 2018
in
Agri/Soft Commodities, Chemicals/Petrochemicals, Manufacturing & equipment, Metals and Mining, Oil & gas

Nkosikhona and Zimbabwe sign $5.2bn deal for coal benefication project

Zimbabwe's Ministry of Higher and Tertiary Education, Science and Technology Development, South African company Nkosikhona Holdings and Verify Engineering...

21 May 2018
in
Infrastructure, Waste and water

WASA awards Grandharbpur water project

Dhaka Water Supply and Sewerage Authority (WASA) has awarded a DBO contract to Veolia and Suez for the €275 million Gandharbpur drinking water treatment...

21 May 2018

Yapi Kredi refinances trade on-lending facility

Yapı Kredi signed one of its annual trade finance on-lending facilities on 8 May. Syndicated via 48 banks and led by joint coordinators ICBC, First Abu Dhabi Bank and...

21 May 2018
in
Power

Egyptian announcement of Hamrawein coal-fired project imminent

The Egyptian electricity minister has said that the announcement of the winning bidder for the 6GW coal-fired power plant for the port of Hamrawein will be made in...

21 May 2018

Deutsche's Lynne adds global transaction banking to his role

David Lynne, Asia Pacific chief for fixed-income and currencies at Deutsche Bank, is to also take on the role of head of the global transaction banking unit in the...