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News
22 October 2018

Danske Bank joins Marco Polo Network

Danish lender Danske Bank has joined the Marco Polo Network, the trade and working capital finance network. The bank joins BNP Paribas, Commerzbank, ING, Anglo-Gulf...

News
19 October 2018

NatWest integrates with Finastra's Fusion LenderComm platform

NatWest has become the first bank to fully integrate Finastra's Fusion LenderComm platform, a blockchain network for syndicated lending. The system uses R3's...

News
18 October 2018
in
Power

BB Energy refinances and upsizes RCF

Independent energy trader, BB Energy, has signed a new $245 million one-year revolving credit (RCF). The facility, signed on 16 October, will refinance the...

News
18 October 2018
in
Infrastructure, Transport

Financial close for Blankenburg Connection PPP

The BAAK consortium – comprising Macquarie Capital (70%), Ballast Nedam (15%) and DEME (15%) – has reached financial close on the €1 billion...

News
17 October 2018
in
Renewables

Enel secures $650m club loan for Mexican solar projects

Enel Green Power has signed an 18-year $650 million club loan for the financing of three solar projects in Mexico. Each of the projects benefit from 20-year...

News
16 October 2018

Anglo-Gulf Trade Bank joins trade finance network Marco Polo

UAE-based Anglo-Gulf Trade Bank has joined the Marco Polo Network, an initiative using the TradeIX platform and R3's Corda platform to reduce costs, risks and improve...

News
11 October 2018

Sakaka set to close next Monday

The $300 million 300MW Sakaka solar PV project in Saudi Arabia is expected to reach full financial close on 15 October. The deal, which was expected to close on 28...

News
11 October 2018
in
Metals and Mining

Rio Tinto to restart sale of $350m aluminium assets

Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland, which have been valued at around $350 million, sources...

News
10 October 2018
in
Transport

CDB Aviation closes secured portfolio financing facility for $700m

CDB Aviation - a wholly owned Irish subsidiary of China Development Bank Financial Leasing - has successfully closed a secured portfolio financing facility for $700...

News
09 October 2018

Vitol signs $9.4bn RCF

Vitol has signed a $9.4 billion revolving credit facility comprising a $785 million 364-day loan and $8.615 billion three-year revolving credit. Signed on 3 October,...

News
05 October 2018
in
Power

Natixis and Sumitomo close $400m syndication for Prime Energia

Natixis and Sumitomo Mitsui Banking Corporation have closed the syndication of a $400 million senior secured facility of a 698MW capacity energy portfolio for Glenfarne...

News
02 October 2018
in
Oil & gas

Oman Oil to raise $850m RCF

State-run Oman Oil is set to raise an $850 million revolving credit facility. The unsecured loan will be provided by a consortium of more than ten banks and will be...

News
02 October 2018

we.trade: Three former Batavia consortium banks sign up

Blockchain-based digital trade services group we.trade and three banks from the former Batavia consortium have joined forces. CaixaBank, Erste Group and UBS have signed...

News
28 September 2018

Olam set to sign RCF refi next week

Olam International is set to sign a $1.425 billion revolving credit facility (RCF) early next week which will refinance the trader’s $1.75 billion RCF from October...

News
24 September 2018
in
Infrastructure, Power, Renewables, Waste and water

ACWA Power IPO unlikely to happen this year

Utility developer ACWA Power is the latest Saudi company to delay an initial public offering with its sale of a 30% stake no longer expected to take place before the end...

News
21 September 2018
in
Agri/Soft Commodities

Cocobod closes annual PXF facility

Cocobod has closed its annual pre-export finance facility. This year’s deal totals $1.3 billion and is priced at 62bp over Libor. The financing has a tenor of 11...

News
20 September 2018

Islamic Development Bank issues $1.3bn sukuk

The Jeddah-based Islamic Development Bank has raised $1.3 billion in senior, unsecured sukuk. The new transaction, priced on Wednesday, has a five-year maturity and a...

News
20 September 2018

Banks, traders unveil new commodities blockchain platform komgo SA

A group of banks, including Citi, MUFG and Societe Generale, have joined forces on a venture bidding to digitalise the trade and commodities finance sector through a...

News
19 September 2018
in
Infrastructure

Financial close on Waikeria Prison PPP

Following contractual close earlier this week, sponsors of the NZ$830 million ($549 million) Waikeria Prison PPP in New Zealand have reached financial close on the...

News
18 September 2018
in
Infrastructure, Power, Renewables, Telecoms and Communications, Transport

Natixis appoints head of Infrastructure, Americas

Natixis has appointed Nasir Khan as head of Infrastructure, Americas with responsibility for Infrastructure Finance and infrastructure-related industry...