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03 November 2016

Brazil bounces back as Temer tempers economic storm

Over the past two years, Brazil has suffered from its worst recession since the 1930s. However, since the appointment of conservative President Michel Temer, Latin...

01 November 2016

NEXI’s transformation to a stock company and its future

During the 2015 ordinary session of the National Diet of Japan, the Act for Partial Revision of the Trade and Investment Insurance Act has been enacted.

28 October 2016
in
Metals and Mining

Sirius Minerals: Hancock’s potash streaming play

Hancock Prospecting made its reputation in iron ore – and closing a huge ECA-backed project financing. Can it help get a British potash project off the ground?

25 October 2016

JBIC waives Indonesian government guarantee in new balance sheet play

JBIC has announced plans to fund infrastructure projects in Indonesia without guarantees from the Indonesian government. The 'new trend' makes Japanese exports more...

25 October 2016

MHP’s $100m PXF could spark Ukraine agri boom

Despite Ukraine’s turbulent times, the agricultural sector has survived and prospered as the country looks to make business more attractive. A recent PXF could signal...

24 October 2016

India Exim's $750m LoC to Nepal looks to cement frosty trade ties

India and Nepal look to fortify trade ties that have come under strain in recent years, as India's Prime Minister Narendra Modi attempts to implement his 'Neighbourhood...

21 October 2016
in
Infrastructure, Oil & gas, Power, Renewables, Transport

Russia heats up Cuban trade ties with $4bn financing

In a sign that trade relations between Russia and Cuba are stepping up, Russia's ECA, EXIAR, has agreed to guarantee the bulk of a $4 billion finance agreement for Cuban...

19 October 2016
in
Infrastructure, Power, Renewables, Transport

Coface, Cesce power Dubai Metro as ECAs eye UAE infra push

ECAs will be key to the UAE 2021 Vision infrastructure investment programme as commercial bank liquidity feels the pinch from low oil prices.

18 October 2016

Traders ‘adapt to thrive’ amid commodity slump

Commodity houses have seen a difficult year for trading as a prolonged slump in prices without the contango opportunities that existed in 2015 has seen them look to find...

18 October 2016

Does the Hinkley Point C financing point to a role for ECAs in new nuclear?

Debt structures for nuclear power plants could evolve beyond government-to-government funding.

17 October 2016

Africa faces $120bn trade finance gap

The world’s second largest continent faces vast challenges in accessing trade financing with SMEs particularly affected by a vastly increased trade financing gap,...

13 October 2016
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

UPDATE: Floating rate not CIRR undercutting export finance market, says US Ex-Im senior exec

Direct lending by ECAs based on floating interest rates, rather than the CIRR equivalent, is the source of export finance bankers' discontent, says a US Ex-Im senior...

12 October 2016
in
Infrastructure, Transport

EDC flouts Angola risk for landmark locomotive deal

Despite the economic uncertainty in Angola, EDC has agreed a financing for the country which will contribute to the completion of one of the final steps to opening a new...

11 October 2016

Petrobras debt reduction plans maintains lender attraction

Despite being below investment grade, Brazil’s largest oil company appears to have retained market confidence amid an ongoing political scandal and repeated allegations...

11 October 2016

Vitol closes $8bn RCF despite revenue plunge

The RCF – which matches last year's largest-ever facility secured by the company – was heavily oversubscribed and is indicative of continued lender appetite for the...

10 October 2016
in
Renewables

Can the RenovAr renewables programme revive project finance in Argentina?

The new renewables programme is highly structured, and has to erase lenders’ memory of Argentina’s past economic struggles.

06 October 2016

The Bpifrance-Coface transfer explained

On 1 January 2017 the French export credit agency (ECA), Coface, will officially transfer all its activity to Bpifrance. Since 1946 Coface has handled state export credit...

05 October 2016

Norilsk secures $500 million of new money through unsecured club deal route

Russia’s Norilsk Nickel has signed a five-year $500 million committed revolving back-stop credit facility (RCF) with a group of international banks. The transaction is on...

02 October 2016

South Africa's indispensable finance minister

Finance Minister Gordhan has demonstrated his indispensability to avoid another downgrade of South Africa’s credit rating and to maintain unity within the governing ANC...

27 September 2016

Drought but no doubt: Cocobod seals PXF with 36% oversubscription

Despite a crop-damaging drought and fears about production levels, the Ghana Cocoa Board (Cocobod) has refinanced its annual PXF in a vastly oversubscribed facility. The...