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23 June 2015

Trafigura and Singapore LNG sign strategic deal to utilise excess storage capacity

Commodity trading company Trafigura and Singapore LNG Corporation (SLNG), operator of the country’s first liquefied natural gas (LNG) terminal, have signed a storage...

22 June 2015

Mercuria Energy closes multi-currency RCF oversubscribed

Independent energy and commodities trading group Mercuria Energy Trading has signed a $2.5 billion multi-currency revolving credit facility (RCF). Following strong demand...

22 June 2015

King & Spalding hires energy team for new Tokyo office

International law firm King & Spalding are set to open an office in Tokyo, the firm's eighteenth office overall and tenth office outside the United States. The new Tokyo...

19 June 2015

Cocobod formally announces close of senior phase of annual PXF syndication

Today, the Ghana Cocoa Board (Cocobod) formally announced the close of the senior phase of its annual pre-export financing for the 2015-2016 cocoa crop. The financing was...

18 June 2015

UKEF reports strong performance through 2014-2015

UK Export Finance (UKEF), the UK’s export credit agency, has released its 2014-2015 annual report which reveals a strong performance through the year by the agency with a...

16 June 2015

China’s increasing presence in Latin America

Cristiane Gomes, head of sales & relationship management, South America, BNY Mellon Treasury Services, explores the intensification of economic ties between China and...

15 June 2015

Afreximbank appoints Benedict Oramah as new president

The African Export-Import Bank (Afrexim) has appointed Dr Benedict Oramah to be the next president of the continental multilateral trade finance institution. He will take...

15 June 2015

Goldcorp increases credit facility to $3 billion

North and Latin-American gold producer Goldcorp has increased its existing credit facility from $2 billion to $3 billion, as well as extending the term to June 2020,...

12 June 2015

All hail… the TXF Best in Class

June is a month that is always jam-packed with highly-publicised sporting accomplishments. With leagues and tournaments of every variety coming to a climatic end in the...

12 June 2015

SACE provides guarantees for loans to EuroChem’s new Russian ammonia plant

Italian export credit agency SACE has agreed to guarantee a total of €575 million ($648 million) loans to be issued to Russia’s agrichemical company EuroChem to build a...

10 June 2015

Boost for DRC trade with ATI credit risk agreement

The central bank of the Democratic Republic of Congo (DRC) has reached an agreement with the African Trade Insurance Agency (ATI) whereby banks will receive up to 50%...

08 June 2015

US oil company Apache signs new $3.5 billion credit facility

Houston-headquartered oil and gas exploration and production company Apache Corporation has signed a new credit agreement with a group of international bank lenders...

04 June 2015

Russia’s Metalloinvest signs dual ECA deal with international banks

Russian iron and steel producer Metalloinvest has signed a €267 million ($297 million) export credit agency (ECA) backed agreement with a club of international banks....

01 June 2015

AfDB signs loans for Egypt’s Sharm el-Sheikh airport development

The African Development Bank (AfDB) has finally formally signed two loans and a letter of agreement for the development of Egypt’s Sharm el-Sheikh airport and to support...

29 May 2015

Star Rafineri: breaking ground in ECA multisourcing

BEST OVERALL ECA/PROJECT FINANCE DEAL OF THE YEAR Dalia Gebrial reviews a complex multisource finance bringing seven export credit agencies together in Turkey.

29 May 2015

GrainCorp: providing increased efficiencies in a tight market sector

BEST SOFT COMMODITIES FINANCE DEAL OF THE YEAR Jonathan Bell reviews how Rabobank led the first structured inventory financing for Australia’s GrainCorp.

28 May 2015

Traxys signs oversubscribed borrowing base facility

Luxembourg-headquartered commodity trading company, Traxys Sarl (Traxys) has signed and closed a $1 billion borrowing base facility. The funds will be used to refinance...

28 May 2015

ERC: connecting Ethiopia with a benchmark financing

BEST AFRICAN ECA FINANCE DEAL OF THE YEAR Ollie Gordon examines the details of ERC’s Awash-Weldia/Hara Gebeya Railway project in Ethiopia.

26 May 2015

US Ex-Im and ICIEC provide loan for refurbishing PIA aircraft engines

The Export-Import Bank of the United States (US Ex-Im), along with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), is providing a $55...

25 May 2015

Romania’s OMV Petrom signs €1 billion RCF

OMV Petrom, the largest oil and gas producer in South-Eastern Europe, has signed a revolving credit facility (RCF) amounting to €1 billion ($1.1 billion). The funding has...