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10 November 2015

Law firm HFW strengthens commodities team

The commodities team of international law firm Holman Fenwick Willan (HFW) has been boosted by the appointment of trade finance specialist Philip Prowse. He joins the...

10 November 2015

Trafigura tightens grip on refiner Nyrstar in shares deal

Swiss-based commodity trader Trafigura has bought up to 50% of the shares being sold in a rights offer by zinc refiner Nyrstar NV. The €125 million shares deal...

10 November 2015

Nigerian oil group Oando repays Afreximbank loan

Nigerian oil firm Oando Energy Resources has repaid its $100 million loan facility with the African Export-Import Bank (Afreximbank). The facility was utilised in...

10 November 2015

Broker Marsh boosts global commodity trade team

Insurance broker Marsh has appointed Maurits Quarles van Ufford as senior client executive to its global commodity trading platform. Geneva-based Quarles joined the...

10 November 2015

MUFG led club signs $1.63 billion loan for the Baku-Tbilisi-Ceyhan Pipeline Company

An international bank group led by Mitsubishi UFJ Financial Group’s (MUFG) banking arm, The Bank of Tokyo-Mitsubishi UFJ (BTMU), has signed a term loan facility for the...

09 November 2015

Russian ECA EXIAR to finance rail car exports to Cuba

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has sealed a deal to finance exports to Cuba. The agreement with Cuba's Banco Internacional...

09 November 2015

Russian ECA EXIAR insures Belarus steel trade loan

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has insured the financing of steel teeming ladles shipments to Belarus. The loan was made by...

06 November 2015

Bank of China launches global commodity centres in Singapore

Chinese trade received a boost as the Bank of China launched two global commodity business centres in Singapore - the first outside of the country. It also signed a...

06 November 2015

Hope for US Ex-Im after transport bill is approved

The Export-Import Bank of the United States moved closer to being back in business when the House of Representatives passed a transportation funding which would also...

06 November 2015

ArcelorMittal South Africa's $324m offer to reduce debt

Steel manufacturer ArcelorMittal South Africa plans to raise up to $324 million in a rights offer in a bid to cut debt and invest in plants. The company said its...

06 November 2015

BBVA appoints new head in new global finance unit

Spanish bank BBVA's head of corporate syndicated lending for Europe and Asia, Janin Campos, has left after five years. The lender has appointed Jorge Gonzalez to...

05 November 2015

NLMK swims against the current for new PXF

Russia’s largest steel producer, NLMK Group, has battled through billowing market headwinds to today close a successful four-year, $400 million pre-export finance (PXF)...

05 November 2015

Canada exports to rise amid USA growth, says EDC

The value of Canadian business exports will shoot-up by 7% in 2016, following a 1% drop this year, export credit agency Export Development Canada said. The rise will...

05 November 2015

Russian steel maker seals $400m pre-export facility

Russian steel maker NLMK Group has sealed a $400 million, four-year pre-export loan facility. Societe Generale was appointed coordinator, mandated lead arranger and...

05 November 2015

Borrowing base of oil and gas group Nighthawk reduced

USA-based oil and natural gas group Nighthawk Energy has revealed its borrowing base with Commonwealth Bank of Australia has been reduced from $32 million to $27...

05 November 2015

Afreximbank signs credit facility with Guinea company

The African Export-Import Bank (Afreximbank) has agreed a €15 million credit facility with Guinea-based printing and packaging company Complex Industriel...

05 November 2015

EDC in $500m-a-year deal with India's Tata

Export Development Canada (EDC), the country's export credit agency, will provide up to $500 million annually to India industrial giant Tata's companies. EDC...

05 November 2015

Berne Union elects Topi Vesteri as president at AGM in Shanghai

At the Berne Union - the International Union of Credit & Investment Insurers - and Prague Club annual general meeting this week in Shanghai - hosted by China’s official...

04 November 2015

SACE signs MoUs to boost Kazakh and Brazilian trade

Italian export credit agency SACE has signed memorandum of understandings with its counterparts in Kazakhstan and Brazil to boost Italian trade with the two countries....

04 November 2015

Oil and gas group Spyglass Resources reveals RCF

Canada-based intermediate oil and gas company Spyglass Resources' credit facility has been amended to replace the existing $100 million borrowing base loan with a...