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News
26 April 2017

ACWA Power to revive plans for bond and sukuk issue

The Saudi Arabian water and power company is in the process of breathing life back into a plan hatched late last year to issue a $600 million senior secured bond and a...

News
26 April 2017

Nord Stream 3&4 funding plan emerging

Shareholders in Nord Stream 3&4 – Gazprom, Uniper, Wintershall, Shell, OMV and Engie - have committed to raising funds for the €9.5 billion...

News
26 April 2017

Edra Energy signs PPA for Alor Gajah CCGT power plant

On 14 April 2017 Edra Energy, which was sold by 1MDB to China General Nuclear Power Corp, signed a 21-year power purchase agreement with state power utility Tenaga on the...

News
26 April 2017

Bank of England seeks startups for DLT privacy projects

The Bank of England is seeking startups to take part in distributed ledger projects focused on data privacy, as part of its accelerator project. The central bank's...

News
26 April 2017

Digital trade tools offer efficient alternative in Central and Eastern Europe

Digital trade finance platforms and tools such as the Bank Payment Obligation can help treasurers mitigate counterparty and other local risks more efficiently as...

News
26 April 2017

Myanmar's FPB picks Misys trade finance solution

Myanmar's First Private Bank (FPB) has chosen Misys FusionBanking to streamline and digitise its operations. The product's Trade Innovate and Corporate Channels...

News
26 April 2017

Supplier costs deter B2B card payment takeoff

B2B card payments are failing to gain significant traction, mostly because suppliers are typically charged for taking a card payment and face overhead costs for hosting...

News
26 April 2017

LMA releases results of its developing markets survey

The Loan Market Association (LMA) has released the results of its survey on the opportunities and challenges facing increasingly active developing market jurisdictions....

News
26 April 2017

Mizuho picks Cognizant to develop DLT solution for trade finance

Japan's Mizuho Financial Group has picked US tech provider Cognizant to develop a distributed ledger solution to make trade finance more efficient. Cognizant will use...

News
26 April 2017

AIB fined over AML and terrorist financing compliance

Allied Irish Banks (AIB) has been fined more than €2.3 million by Ireland's central bank for failing to comply to anti-money laundering and terrorist financing...

News
26 April 2017

Citibank launches cross-border payment solution for corporates

Citibank has launched a cross-border payment solution in India for corporates that eliminates the need for multiple, underlying physical documents for trade payments....

News
26 April 2017

Chris McGarry joins White & Case as a partner in London

Law firm White & Case has hired structured finance lawyer Chris McGarry as a new partner in London. He joins from Ropes & Gray, where he was a partner.

News
26 April 2017

CDC Group helps launch platform to boost African power

CDC Group, the UK's development finance institution, alongside Aga Khan Fund for Economic Development, and Industrial Promotion Services, have launched a new platform...

News
26 April 2017

Cocobod needs $400m after $1.8bn loan runs out early

The Ghana Cocoa Board (Cocobod) needs about $400 million in bridge financing to cover the rest of the cocoa season after a $1.8 billion loan ran out early. Much of the...

News
26 April 2017

London ranks first for offshore RMB FX transactions

More than one-third of offshore renminbi (RMB) FX transactions are done with the UK, according to SWIFT's latest RMB tracker. The RMB ranks fifth as a world FX...

Perspective
26 April 2017

Perfect 10 Shandong Qingyuan: Warming the pots - a TXF commodity finance Deal of the Year

The race to close the first international syndicated structured loan into Chinese downstream oil and gas ended last year when Shandong Qingyuan debuted with a prepayment...

News
25 April 2017

Opportunity of the day: HEDCO looks to ECA-backed German and Italian suppliers to help finance $480m Iranian petrochemicals project

Zanjan Petrochemical Industries Company and Hampa Energy Engineering and Design Company (HEDCO) are planning to raise financing amounting to $479 million. It will be used...

News
25 April 2017

Australia OKs CKI consortium to buy Duet group

The Foreign Investment Review Board given the Cheung Kong Infrastructure-led consortium clearance to proceed with the proposed A$7.5 billion acquisition of the energy...

News
25 April 2017

South Asia could benefit from globalisation backlash, says World Bank

Trade protectionism in advanced economies may actually benefit South Asia's exports, according to a new World Bank report. The region could gain if selective barriers...

News
25 April 2017

Helexia closes €66m rooftop solar financing

Energy consultancy Finergreen has advised the French solar developer on the financing of 20MW of new projects and refinancing of 17MW of existing projects....