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08 February 2017

Joseph Aidoo is new acting CEO of Cocobod

Joseph Boahen Aidoo has been appointed as the acting chief executive officer of the Ghana Cocoa Board (Cocobod). The former member of parliament replaces Dr Stephen...

08 February 2017

NIB loan helps Ossur refinance purchase of Scottish group

The Nordic Investment Bank (NIB) and Ossur - an Icelandic developer of orthopaedics - have agreed a €50 million loan in part to re-finance the company's...

08 February 2017

Swan Energy and Exmar mandate FSRU project

Swan Energy, an Indian mid-cap energy firm, and Belgian LNG major Exmar have mandated SBI Capital to lead arrange around $250 million of debt to fund a proposed...

08 February 2017

Akbank benchmark refi out to lenders

Akbank has launched the first of its semi-annual loan refinancings – a deal that will set one of the benchmarks for Turkish bank borrowings and tenors in the...

08 February 2017

Sinochem Hongrun mandates international loan debut

Crude oil refiner Sinochem Hongrun Petrochemical has mandated Natixis as sole lead arranger and bookrunner for its $110 million debut international syndicated loan. An...

07 February 2017

Banks expect major ME power mandates in 2017

Banks anticipate some major power financings across the Middle East  in the coming year. Next month state-owned Saudi Electricity Co (SEC) is expected to...

07 February 2017

Scorpio Tankers set to sign this month

Last month Scorpio Tankers secured a $172 million KEXIM and GIEK-backed loan facility to finance eight new MR product tankers. The deal is expected to sign at the end of...

07 February 2017
in
Agri/Soft Commodities

Alvean poised to launch debut syndicated credit2

Sugar trader Alvean is set to launch its debut syndicated credit facility following a bankers meeting today. The trader - formed by a joint venture between Cargill and...

07 February 2017

Korean ECAs back Iraq's new city project

K-sure and Kexim provided support last month to cover an Iraqi government construction payment to Hanwha E&C for the $10 billion Bismayah New City project in Iraq – the...

07 February 2017

Tapping opportunities in African export finance

Deutsche Bank's ECA-backed debt in Africa grew by 7.69% from 2015-16, according to TXF Data. The latest insight reveals how export credit...

07 February 2017

SoEnergy looking to mandate CHP project financing

SoEnergy International Inc is currently negotiating contracts to develop two combined heat and power (CHP) plants in Mexico and the sources for financing of the project...

07 February 2017

IFC helps FrieslandCampina buy Pakistan dairy firm

The International Finance Corporation (IFC) is to provide $145 million in financing to Dutch dairy producer FrieslandCampina, which will allow the firm to buy 51% of...

07 February 2017

Project finance lawyer Biddy Faber joins HSF

Project finance lawyer Biddy Faber has joined Herbert Smith Freehills (HSF) at the firm's Johannesburg office from Cliffe Dekker Hofmeyr. She has worked on some of...

07 February 2017

Three threats to existence of small factoring groups

There are three big threats to the future existence of small factoring groups: Merchant cash lenders, the high cost of customer acquisition, and - something mostly...

07 February 2017

Solar fund secures £100m finance facility

UK solar farm owner NextEnergy Solar Fund has secured a £100 million long-term debt facility structured by Macquarie Infrastructure Debt Investment Solutions. The...

07 February 2017

EBRD exits investment in Agri Europe

The European Bank for Reconstruction and Development (EBRD) has exited its equity investment in Agri Europe. The company consolidates Serbian commodity trader MK Group,...

07 February 2017

Coface: Late payments to UAE firms doubled

Companies in the United Arab Emirates were forced to wait twice as long for payments in 2016 compared to the year before, credit insurer Coface found. The construction...

07 February 2017

Just how safe is Bitcoin?

With about $14.9 billion worth of bitcoins in circulation in January this year - and with blockchain attracting attention for its disruptive potential in banking and...

07 February 2017

Indonesia Eximbank to issue $1.55bn in debt paper

The Indonesia Eximbank will issue $1.55 billion in debt paper to support its activities in 2017. About 10% of the financing will be disbursed to the small and medium...

07 February 2017

Dubai partners with IBM to test blockchain trade finance

Dubai has teamed up with IBM to test blockchain technology for trade finance. Companies involved include Emirates NBD, Banco Santander, and government groups Dubai...