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22 June 2015

US energy company Venoco completes refinancing

Independent US-based energy company Venoco has entered into a new $75 million term loan facility with Deutsche Bank. The company will use the proceeds from the new...

22 June 2015

Navios Midstream closes loan for VLCC acquisition

New York-listed crude carrier owner and operator Navios Maritime Midstream Partners has closed a $205 million term loan facility with a club of international banks. The...

22 June 2015

GIEK and Export Credit Norway fund fish farm export

Norway’s export credit agency, GIEK, together with funding body Export Credit Norway have arranged financing of €6.7 million ($7.5 million) for the export of a fish farm...

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...

19 June 2015

Natixis and pbb co-arrange Airbus purchase for Turkish Airlines

Natixis and pbb Deutsche Pfandbriefbank (pbb) have co-arranged the financing of three Airbus aircraft for Turkish Airlines. The transaction is unusually financed in Swiss...

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...

18 June 2015

Sibur makes progress with funding for its ZapSibNeftekhim petrochemical project

Russian gas processing and petrochemicals company Sibur has made significant progress with the financing for its ZapSibNeftekhim petrochemical project, through an...

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...

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...

11 June 2015

Afrexim to introduce guarantee facility for African processing plants

The African Export-Import Bank (Afrexim) is to introduce a special guarantee facility to enable African processing plants secure long-term export contracts with bank...

11 June 2015

CFO survey reveals Asia-Pacific business confidence is up

The 2015 CFO Outlook Asia survey released by Bank of America Merrill Lynch reveals that more chief financial officers (CFOs) in Asia-Pacific are confident in their...

11 June 2015

Letters of credit: still alive and kicking

This week, ICC Austria has been hosting its 10th annual Trade Finance Week. TXF spoke to Andrea Hauptmann, head of guarantees at Raiffeisen Bank International (RBI) and...

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....

04 June 2015

Canada’s EDC and Colombian Development Bank sign infra agreement

Export Development Canada (EDC) today announced the signing of an agreement with Colombia’s National Development Bank (Financiera de Desarrollo Nacional -FDN) that will...

03 June 2015

Uralkali increases PXF with inclusion of BoC

Russian potash producer Uralkali has announced the upscaling of its new pre-export financing (PXF) with the facility now amounting to $630 million. The increase of the...

02 June 2015

Factors Chain International reports strong growth in European and Americas factoring

Factors Chain International (FCI), a leading network of global factoring companies, is reporting strong growth in cross-border factoring in selective markets. The group...

02 June 2015

Berne Union members’ new business reaches close to $2 trillion in 2014

The Berne Union and the associated Prague Club have revealed that in 2014 members’ new business reached close to $2 trillion. The figures demonstrate the strong role the...