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13 August 2015
in
Transport

CIT signs $32 million credit facility with Norstar Tankers

CIT Group, a leading transportation finance company, has today announced that CIT Maritime Finance has arranged a $32 million senior secured credit facility to Norstar...

11 August 2015

Strong takes up the reigns as head of CPS Risk at JLT in Chicago

Matthew Strong has moved from the Jardine Lloyd Thompson Group (JLT) offices in London to take up his new position as head of the credit, political and security (CPS)...

10 August 2015
in
Oil & gas

Gazprom Marketing and Trading secures $500 million RCF

Gazprom’s UK-based subsidiary, Gazprom Marketing & Trading (GM&T) has signed a 364-day $500 million syndicated revolving credit facility (RCF).

10 August 2015

Noble looks to reassure investors with independent PwC reports

Hong Kong-headquartered, commodity trading house Noble Group has today made public the conclusions and results of the PricewaterhouseCoopers (PwC) review of Noble's...

06 August 2015

VLG launches Vecron, a new trade finance business unit

Vecron Lordstock Group (VLG), a global structured finance firm specialising in structured trade and project finance, has announced the launching of Vecron Exim, an...

04 August 2015

ABN bolsters commodities division with senior hires

ABN AMRO is continuing to strengthen its energy, commodities & transportation (ECT) division with two senior appointments. The bank has promoted Friso Koopmans as global...

03 August 2015

SunEdison closes financing for Chile’s Quilapilun solar power plant

Renewable energy development company SunEdison has secured $160 million financing and started construction on the 110-megawatt (MW) DC Quilapilun solar power plant in...

31 July 2015

New fund platform to specialise in STCF products

GAO Capital (GAO) has announced a strategic alliance with Straits Financial Group (Straits) to collaborate on GAO Funds, a multi-strategy fund platform with a focus on...

30 July 2015

OECD transparency regulation to prove taxing for big traders

If prizes were being dished out for corporate success since the turn of the millennium, the big commodity trading houses would be right up there at the front of the...

30 July 2015

Cocobod’s success stands as an example for other African nations

Jonathan Bell reviews this year’s Ghana Cocobod financing, analyses the record of pricing, and looks at the prospect of further value-added for African soft commodities.

27 July 2015

Gunvor Singapore increases annual RCF through accordion structure

Gunvor Singapore, the wholly-owned subsidiary of the international commodity trading company, Gunvor Group, has increased its $911.7 million syndicated revolving credit...

23 July 2015

Akbank AG squeezes relationship banks on new refi

Akbank AG, the Frankfurt-based subsidiary of Turkey’s Akbank, today announced the closure of a $205 million-equivalent, dual-currency club loan. The one-year refinancing...

20 July 2015

BPL Global to open Dubai office as part of further expansion

Berry Palmer & Lyle (BPL Global), the specialist credit and political risk insurance (CPRI) broker, is to open a representative office in Dubai as part of the group’s...

17 July 2015
in
Transport

Landmark deal sees UK Export Finance and HSBC combine for first RMB-funded financing

The UK export credit agency UK Export Finance (UKEF) and HSBC have teamed to arrange the first ever offshore renminbi (RMB) financing for an aircraft purchase – in this...

16 July 2015

AAG Energy secures $250 million RBL facility

Asian American Gas Holdings (AAG Energy) a leading and independent coalbed methane (CBM) producer in China, has secured a $250 million reserve-based lending (RBL)...

16 July 2015

Metalloinvest pushes through new $750 million PXF

Russian iron and steel producer Metalloinvest has signed a new $750 million pre-export finance (PXF) facility with a club of international banks. TXF News understands the...

15 July 2015

BNPP and Intesa Sanpaolo finance Kenya’s Itare dam project

BNP Paribas and Intesa Sanpaolo are providing export credit financing to fund the €306 million ($334.7 million) Itare dam project in Kenya. The project, which is backed...

15 July 2015

New CEO appointed at FIMBank

Malta-headquartered trade finance bank, FIMBank has appointed Murali Subramanian as its new chief executive officer (CEO). The change comes following a seven-month period...

15 July 2015

CEFC finances DeGrussa copper mine solar project in Western Australia

The Clean Energy Finance Corporation (CEFC) is committing up to $15 million for the development of the 10.6MW solar plant with 6MW of battery storage at Sandfire...

13 July 2015

Sarulla: unearthing Indonesia's geothermal potential

MOST INNOVATIVE ECA/PROJECT FINANCE DEAL OF THE YEAR Ollie Gordon examines Indonesia's Sarulla Geothermal Power Plant project financing, which charts new territory for...