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30 May 2016

SACE boosts trade ties with Argentina announcing €700m in guarantees

Italian ECA SACE reopened its support of transactions with Argentina after the Italian undersecretary for development Ivan Scalfarotto last week announced guarantees for...

30 May 2016
in
Metals and Mining

First Quantum signs new $1.8bn loan with improved financial covenants

Mining company First Quantum Minerals has completed a new $1.8 billion term loan and revolving credit facility with its core relationship banks that gives it revised...

26 May 2016

Investors flock to Afreximbank's $750m record bond issue

Afreximbank closed a $750 million five-year bond last week after achieving an order book of $3.4 billion from 290 investors - the biggest ever book and largest trade...

24 May 2016

Jokowi shows he means business in Indonesian Power

The size of the target – 15, 35 or 43 gigawatts (GW) – is open to dispute, but there is less argument about whether the Indonesian government is serious about its plans...

24 May 2016

Photos from TXF Amsterdam 2016

TXF held its annual Natural Resources and Commodities Finance Conference in Amsterdam last week. Here are some photos from the conference and the Commodities Finance...

20 May 2016

InterOil signs $400m PXF to develop Papua New Guinea gas project

The $400 million refinancing is an unusual bright spot in an otherwise moribund oil and gas market, but with no other comparable deals pricing and structuring was a...

20 May 2016

ICIEC set to invest in Indonesia

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), part of the Islamic Development Bank Group (IsDB), is ready to invest in projects in...

19 May 2016

Aperam agrees $400m 'backup' borrowing base facility

The Luxembourg-based stainless-steel producer closed a $400 million borrowing base revolving credit facility in March, a month after Moody's upgraded the company to Ba1....

17 May 2016

Why are banks still steering clear of Iran? Q&A with Matthew Oresman

The lifting of Iranian sanctions following the country’s nuclear deal with the US heralded a wave of transactions and many predicted a gold rush.Global payment processor...

16 May 2016

İşbank breaks record for $1.4bn trade revolver

Turkey's largest private bank, İşbank, has increased the size of its annual revolving credit facility last week - a $1.4 billion syndicated loan with a record 47...

16 May 2016

EBRD’s TFP continues to spread its wings

The EBRD’s Trade Facilitation Programme is further embedding itself in countries of the new region – Jordan, Morocco, Tunisia, Turkey, Egypt and Cyprus – where financial...

13 May 2016

IFC's Scaling Solar initiative set to brighten sub-Saharan Africa

Two out of three people lack access to electricity in sub-Saharan Africa, but a new initiative, Scaling Solar, rolled out this week by the World Bank group aims to bridge...

10 May 2016

Euler Hermes backs Canada's wind revolution

Wind energy is the fastest growing source of electricity in Canada and is set to play a major role in the action plans of Québec's 2030 energy policy. The...

06 May 2016

Why are banks withdrawing from correspondent banking?

Banks are continuing to withdraw from many of their correspondent banking relationships - a process which threatens global trade, especially in poorer countries. TXF...

04 May 2016

BEST SOFT COMMODITY FINANCE DEAL OF THE YEAR: Cocoa Touton $80m prepayment provides new dimension

The $80 million prepayment to Cocoa Touton Processing is a landmark financing for West Africa, bringing added-value processing on a major scale to Ghana. Jonathan Bell...

03 May 2016

BEST METALS FINANCE DEAL OF THE YEAR: Oyu Tolgoï $200m RCF paves the way for project finance

Coming at a crucial time for Oyu Tolgoï in Mongolia, the $200 million revolving credit facility provided the working capital needed and lined the venture up for the...

28 April 2016

Latin America: the world’s leader in renewable energy?

Latin America is undergoing a rapid transition to renewable energy. According to tagmydeals, there was $831 million in ECA-backed renewable-energy deals last year as...

28 April 2016

Update: Noble set to close $1bn RCF

Earlier this month, Noble launched a $1 billion debt refinancing. With the facility due to close next week, the struggling commodities titan is eagerly awaiting Fitch’s...

27 April 2016

JBIC: the outward face of Japan Inc?

JBIC has been quick out of the starting blocks in 2016, supporting $5.6 billion in deals as the government swings its weight behind the policy bank. Connor Lovell looks...

25 April 2016
in
Transport

BEST ECA AIRCRAFT FINANCING DEAL OF THE YEAR: UKEF and HSBC join for first ever renminbi financing

Last year’s pioneering deal from HSBC and UKEF to sign the first ever renminbi financing of an aircraft purchase is TXF’s best ECA Aircraft Financing Deal of the...