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03 February 2014

Banks flock to Trafigura RCF despite reduced pricing

Commodity trader Trafigura is understood to have secured a significant reduction on the pricing of its $4 billion revolving credit facility (RCF) currently in the market....

03 February 2014

United Arab Bank introduces trade portal for corporates

Sharjah-headquartered United Arab Bank (UAB)has launched an online trade portal recently, which is designed to transform the ease and speed with which corporate customers...

03 February 2014

Electronic Shipping Solutions rebrands as essDOCS

Electronic Shipping Solutions (ESS) has today announced its rebrand to essDOCS (pronounced ‘sDocs’), a new identity that balances it’s electronic shipping solutions...

03 February 2014

VTB provides guarantees to Finnish-Russian shipping JV

VTB Bank has signed a general agreement with Arctech Helsinki Shipyard, in which Russia’s United Shipbuilding Corporation (USC) has a major shareholding. The agreement is...

28 January 2014

First Quantum mandates banks for new facilities

First Quantum Minerals (First Quantum) has formally mandated banks to arrange a new $2.5 billion five-year term loan and revolving credit facility. The company has also...

27 January 2014

Sibur and Exiar sign export trade insurance agreement

The Export Insurance Agency of Russia (Exiar) and Biaxplen, a subsidiary of Russia’s industrial group Sibur, have entered into a comprehensive export credit insurance...

27 January 2014

BPL Global expands Asian operations

Political risk insurance (PRI) broker Berry Palmer & Lyle (BPL Global) is expanding its operational scope in Asia with the hiring of Margaret Ho as a senior broker for...

23 January 2014

EDC issues first green bond

Export Development Canada (EDC) has priced its first green bond in the principal amount of $300 million.

23 January 2014

Qatar Shipping secures refinancing facility

Qatar Shipping Company, a wholly owned subsidiary of Milaha, has secured a 12-year, $425 million (equivalent to QAR1.55 billion) fixed-term ship financing facility with a...

23 January 2014

Pacific Drilling appoints new CFO

Houston-headquartered, specialist oil exploration company Pacific Drilling has appointed Paul Reese to the role of chief financial officer (CFO), effective 28 February...

22 January 2014

Isuzu Motors gets bank and JBIC support for Indonesian sales

The Japan Bank for International Cooperation (JBIC) and a commercial bank group have arranged a loan of $68 million for the Indonesian government to purchase trucks from...

20 January 2014

Wilmar mandates banks for RCF syndication

Singapore-headquartered agri-group Wilmar International has mandated the banks for the launch of its new $1.75 billion revolving credit facility (RCF) syndication.

20 January 2014

AfrAsia secures loan from Afreximbank

The African Export-Import Bank (Afreximbank) and Mauritius-based AfrAsia Holdings Limited have signed a term sheet for a $10 million facility. The funds will be made...

17 January 2014

Russia’s PhosAgro signs ECA-backed credit line

Russian fertiliser production company, PhosAgro, has signed a $440.6 million loan package with an international group of banks, supported by the Japanese agencies Japan...

16 January 2014

Euler Hermes expands Singapore trade team and services

Euler Hermes is expanding its services in Asia-Pacific with the addition of a specialised single risk and political risk insurance team based in Singapore.

15 January 2014

KfW and NordLB finance Siemens power units to South Korea

KfW IPEX-Bank and NordLB have teamed to structure export credit agency-backed financing of €194 million ($263.7 million) to finance German power plants to South Korea.

10 January 2014

Craig Weeks joins insurance broker IRIA to head US arm

Geneva-headquartered trade insurance brokerage IRIA SA has hired highly experienced ex-banker Craig Weeks to head up their North American office. He is based in the IRIA...

09 January 2014

ING closes debut loan financing for Mongolian Airlines

The New York office of ING Capital has closed a US Export-Import Bank (US Ex-IM) backed and junior loan financing for MIAT Mongolian Airlines> The proceeds will refinance...

08 January 2014

Sovcomflot secures finance for LNG carriers

Russian shipping company Sovcomflot (SCF Group) has signed a new $316 million credit facility for the purchase of two new ice-class LNG (liquefied natural gas)...

06 January 2014

Enel signs loan with Citi and EKF for Chilean wind farm

Italy’s Enel Green Power (EGP), acting through its subsidiary Enel Green Power International (“EGPI”), has signed a €100 million ($136 million) loan agreement with Citi...