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News
03 June 2019
in
Power, Transport

Senelec to close ECA-backed deal imminently

Senegalese state-owned electricity utility Senelec is expected to reach full financial close this month on an approximately €100 million ($111 million)...

Perspective
03 June 2019
in
Metals and Mining

Guinea mining: DFI/ECA-backed loan boosts bauxite mine project

DFI loans and a direct loan from Canada’s EDC have enabled commercial banks to push the tenor on Guinea Alumina Corporation’s greenfield mining project financing.

News
31 May 2019
in
Renewables

FC for Taiwan’s Yunlin offshore wind

German offshore wind developer Wpd has reached financial close on the 640MW Yunlin offshore wind project in Taiwan.  The 18-year ECA-backed NT$94 billion ($2.97...

Perspective
31 May 2019
in
Oil & gas

BAPCO: Cutting back on attractive ECA debt

Bahrain Petroleum Company (BAPCO) sealed a tightly priced heavily ECA-backed financing last month. However, the state-owned sponsor significantly cut back the initial ECA...

News
30 May 2019
in
Renewables

Sonnedix 70MW Italian solar portfolio refi nears

Solar power producer Sonnedix is set to refinance the debt package stapled to a 70MW portfolio of solar plants in Italy next week. The €215 million...

News
29 May 2019
in
Metals and Mining

EGA's Guinea Alumina Corporation seals $750m loan for bauxite project

Emirates Global Aluminium (EGA) has announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has successfully closed a $750 million project financing...

News
28 May 2019
in
Agri/Soft Commodities

Sucafina signs $300m sustainability-linked refi

Soft commodity trader Sucafina signed a $300 million sustainability-linked borrowing base facility this month. The deal refinances an 18-month borrowing base closed on 20...

News
23 May 2019
in
Agri/Soft Commodities

Vicentin raises $150m PXF

Argentine agribusiness Vicentin has raised a $150 million pre-export financing (PXF) to support its working capital needs for the export of oilseed oils and meals, their...

News
23 May 2019
in
Renewables

Voltalia signs offtake deal with Boulanger

Renewables developer Voltalia has signed a 25-year PPA with French retailer Boulanger for the output from a 5MW solar project expected to be grid connected in...

Perspective
23 May 2019

Perfect 10 winners 2018: Commodity finance

Size matters - but innovation, strong marketing and a willingness to take on risk are the key traits that this year's winners of the TXF Perfect 10 Commodity Finance...

Perspective
21 May 2019
in
Metals and Mining

JSW Steel: ‘Win-win’ prepayment sets new standard in steel

The $700 million cash-for-metal deal, signed between Duferco and JSW Steel, is the largest trade finance facility ever arranged for an Indian steel company. But will the...

News
21 May 2019

SWIFT trials instant cross-border gpi payments through TIPS

SWIFT has announced that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform. The...

News
17 May 2019

World Bank announces €1.5bn 10-yr Sustainable Development Bond in Ireland

The World Bank has priced a ten-year Global Sustainable Development Bond, raising €1.5 billion from institutional investors around the globe, to finance its...

News
16 May 2019
in
Oil & gas

Bapco reaches full financial close

State-run Bahrain Petroleum Company (Bapco) has reached full financial close on a 16-year $4.1 billion ECA-backed financing for the expansion of the Sitra oil refinery....

Perspective
15 May 2019

Norwegian agencies step-up to support reborn shipbuilding sector

As the shipbuilding industry in Norway transitions, so the government support appears well-placed to back new developments. However, in the case of finance for a...

News
14 May 2019

BNP Paribas, Natixis, SocGen commit to Finastra’s Fusion LenderComm

Finastra has signed three global banks - BNP Paribas, Natixis and Societe Generale - on its Fusion LenderComm platform.The platform is based on Corda Enterprise,...

News
14 May 2019
in
Metals and Mining, Oil & gas, Power, Renewables, Transport

Natixis to acquire majority interest in Azure Capital

French multinational financial services firm Natixis entered into an agreement with Western Australian boutique M&A advisory firm Azure Capital to acquire a...

News
13 May 2019

Brazil's Bradesco signs up to Marco Polo trade finance network

Brazil's Banco Bradesco is the latest bank to join Marco Polo, trade finance network powered by Corda blockchain technology. Bradesco joins BNP Paribas,...

News
08 May 2019

Voltron consortium grows to over 50 banks and corporates

The blockchain-based trade finance coalition Voltron has swelled to over 50 banks and corporates following the completion of trials involving the simulation of multiple...

News
07 May 2019

Austria’s Raiffeisen Bank International joins Marco Polo

Raiffeisen Bank International is joining trade finance network Marco Polo for evaluating and piloting the platform’s distributed ledger technology.  The...