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03 October 2014

Mercuria completes acquisition of JP Morgan’s physical commodities business

Mercuria Energy has today successfully completed the acquisition of parts of JP Morgan Chase’s physical commodities business. This follows the initial signing of the...

03 October 2014

New offices and senior appointments at Zurich credit and political risk

Zurich Insurance (Zurich), has expanded its credit and political risk business with several key appointments and two new offices, opened in Houston and Toronto.

03 October 2014

Trafigura closes new Asian RCF and term loan significantly oversubscribed

Commodity trading company Trafigura has closed its new Asian centric revolving credit (RCF) and term loan facilities at $1.73 billion

02 October 2014

Transnet signs local currency deal with BHP Billiton

Transnet has signed a 10-year contract for the export of coal via rail with the South African coal unit of the mining company, BHP Billiton (BHP).

30 September 2014

Sri Lanka’s NDB gets agency funds for renewables

Development finance institution Proparco and the Netherlands Development Finance Company – FMO, are providing a $75 million credit line to the National Development Bank...

30 September 2014

Lloyds Bank expands GTB team

Lloyds Bank has made three new additions to its global transaction banking (GTB) team. The three appointments are Keith Softly, Stephen Everett and Francesca Corscadden,...

26 September 2014

EDC and K-sure sign reciprocal reinsurance agreement

The export credit agencies (ECA), Export Development Canada (EDC) and Korea Trade Insurance Corporation (K-sure), have agreed to collaborate on transactions involving...

26 September 2014

SWIFT report shows rapid growth in RMB transactions

SWIFT’s RMB Tracker, which provides a monthly report on the international use of the renminbi (RMB), has found that global RMB payments have nearly tripled in value over...

22 September 2014

Safi Energy reaches financial close for Moroccan coal-fired power plant

Morocco’s L’Office National de l’Electricité et de l’Eau Potable (ONEE) and Safi Energy Company (SAFIEC) have reached financial close on the financing for a project to...

18 September 2014

SG makes senior appointments within natural resources group

Société Générale Corporate & Investment Banking (SG CIB) has made three senior appointments in Paris and Hong Kong to further strengthen the bank’s capabilities in the...

18 September 2014

Turkey’s İşbank secures loan from international bank syndicate

İşbank, Turkey’s largest private bank, has secured a $1.3 billion loan from 41 banks across 18 countries. The loan has a one-year maturity period, and a one year...

17 September 2014

CAMAC Energy closes new credit facility for Nigerian offshore oil

Houston-headquartered, crude oil development company, CAMAC Energy has entered into a new medium-term credit facility for the further development of its offshore licences...

17 September 2014

New report forecasts most promising regions for trade

TXF asesses HSBC’s most recent global trade report, which focuses on the changing role played by emerging market economies in the landscape of the global economy.

16 September 2014

RBS appoints new head of GTS Asia-Pacific

The Royal Bank of Scotland (RBS) has appointed Rohit Sawhney as head of global transaction services (GTS), Asia-Pacific.

15 September 2014

Indonesia’s Adaro Energy secures refi loan

Adaro Indonesia, a subsidiary of coal mining company Adaro Energy has secured a $1 billion loan. The funds will be used to refinance its maturing debt this year and...

15 September 2014

Standard Bank capitalises on liquid market with oversubscribed club loan for trade purposes

The Standard Bank of South Africa has signed a $560-million, 36-month term loan facility with a club of international banks.

11 September 2014

BNY Mellon predicts London and Singapore will emerge as RMB hubs

In a recent report produced by BNY Mellon, the bank believes that London and Singapore could become key offshore renminbi (RMB) payments centres alongside Hong Kong by...

11 September 2014

Golden Star signs loan for Ghana’s Wassa gold deposit

Mining company Golden Star Resources has signed a new loan to develop a potential underground gold deposit at Wassa in Ghana.

10 September 2014

Oman Oil signs heavily oversubscribed mega RCF with bank syndicate

Oman Oil Company (OOC), the Sultanate’s energy investment arm, has signed a revolving credit facility (RCF) agreement totalling $1.85 billion with 16 local, regional and...

09 September 2014

Export and agency reshuffle at SMBC

Takashi Shimahara assumes full general manager role, and Jonathan Joseph-Horne becomes global coordinator, as Eli Hassine and Mini Roy depart